Tag Archives for " Save Money On Your Taxes "

Nov 24

Tax Benefits of Buying a Second Home

By Beatrice Phan

Buying a second home can provide you with a place to relax, unwind, and escape from it all. It can also provide you with substantial savings if you take advantage of these tax benefits of buying a second home.Mortgage InterestMortgage interest paid on up to $1.1 million in debt on your first and second homes […]

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Jul 14

Tax Lessons to be Learned from Celebrity Estate Plans

By Beatrice Phan

A celebrity’s image and likeness can continue to produce considerable income after death. This type of intellectual property is considered part of your estate, and the IRS can tax its value. In the case of pop star Michael Jackson’s estate, that recently meant an IRS bill to the tune of $64.5 million, years after his […]

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