Taxes

The Best Way To Travel For Free And Lower Your Taxable Income

Travel is amazing, especially when you can travel for free. With the pandemic over and a strong US dollar, traveling abroad during another global financial crisis is not a bad idea. This post will highlight the best way to travel for free and lower your taxable income as well! My Travel Background Since childhood, I’ve […]

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How To Lower Your Property Taxes: Property Assessors Hurt Homeowners

Curious to learn how to lower your property taxes? You’ve come to the right place. I successfully lowered my property taxes for three years in a row during the 2008-2009 financial crisis. Your property tax bill is one of those pesky ongoing expenses that keeps going up if you don’t take action. As a homeowner,

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Your Old Car Can Make You A Lot Of Money In Tax Savings Or Reimbursements!

Driving an old beater car can make you a lot of money. As a car fanatic who has owned beater cars and luxury cars, let me explain. After writing, Never Buy A New Car In Its First Year Of Redesign, a reader commented that he netted about $17,500 in reimbursements from driving his 2002 economy car roughly 35,000

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Property Taxes By State – From Highest To Lowest

This post will provide a detailed look into property taxes by state. The differences in property taxes by state from the highest (Illinois at 2.32%) to the lowest (Hawaii 0.28%) is astounding. Although, these are average property tax rates by state because many counties have slightly different property tax rates within a state. Therefore, just

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The Average Percent Of Income Donated To Charity Can Improve

The average percent of income donated to charity by levels of income is sadly very low across the board. According to several of the largest charitable foundations, the average income donated to charity ranges from just 3% to 5% of annual gross income. Not surprisingly, the average percent donated to charity is the highest for

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Tax-Free Profit Exclusion: Prorate For Long Term Rentals That Turn Into Primary Homes

Unfortunately, sometimes dreams don’t come true. In my quest to simplify life, I was blinded by the belief that the rental property I bought in 2003 would also be eligible for the full $250,000 / $500,000 tax-free profit exclusion if I moved back in tomorrow and lived in it for the next two years before

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