Ready or not tax season is here! This means it’s more important than ever to gather all your paperwork. To help you get started, here’s a guide to help you prepare to file your taxes. These are the top 10 deductions and credits taken on tax returns. Prepare to file your taxes Whether you’re planning …
10 deductions to help prepare to file your taxes Read More »
It’s official. There’s a new tax code starting in 2018. Actually this is the first significant reform of the U.S. tax code since 1986 and the days of Ronald Reagan as president. That’s crazy, right? This measure is sure to shake up life for millions of Americans. It will influence decisions about whether to buy …
26 things you need to know about the incoming tax law Read More »
How do you know if should itemize or take the standard deduction? First of all, what is the difference? The standard deduction is a fixed dollar amount that reduces your taxable income and varies according to your filing status. On the other hand, itemized deductions are made up of a list of eligible expenses. You can claim …
Unfortunately, for us RV owners who full-time, some of our deductions are limited as compared to a sticks and bricks homeowner. However, there is some overlap. As an RV full-timer myself, I understand the limitation of tax deductions for RV owners. I also get asked similar questions often. Let’s dive into the top 4 questions I …
4 Possible Tax Deductions for RV owners Explained Read More »