If you buy a house as your personal residence, the IRS does not allow you to deduct any HOA fees. However, if you buy a house for use as a rental property, the IRS does allow you to deduct HOA fees...
Category: Taxes
The commissioners of Palm Beach County, Florida recently voted (unanimously) to cut the millage rate for property taxes from $4.715 to $4.5. Millage is the amount of tax per $1,000 of taxable...
Grants and tax credits are two types of free money that are available to many small businesses. In this article, I go over 11 different types of grants and tax credits that are available to...
Hunter Biden, son of President Joe Biden, has agreed to plead guilty to criminal federal tax charges. Hunter was charged with two counts of willful failure to pay federal income...
Texas Governor Wants to Eliminate Property Taxes. Can the State Afford It?
"Texans want to own their property, not rent it from the government." Texas Governor Abbott The median Texas property value went up by over 40% during the pandemic, according to Zillow. That...
Texas has no state property tax. However, the Texas Constitution and statutory laws authorize local governments such as cities and counties to set and collect property taxes. Each local government...