Do you pay taxes when you sell a house? Understand how to calculate your taxable gain, including how to adjust for your home's cost basis, the impact of home improvements, and strategies to maximize your home-sale tax benefits under IRS rules.
“it would be incumbent upon the association to act,” adds Florio. Especially if the harassment was taking place in a building or community’s common areas, he says, it is the board’s responsibility to either invoke remedies or penalties stipulated by the community’s governing documents,...
This tax deduction first appeared as part of the Tax Relief and Health Care Act of 2006. It was initially available formortgagesthat originated in 2007 and beyond.1 The Protecting Americans from the Tax Hikes Act of 2015 extended the deduction to 2016 in response to the slow recovery in the...
You should also make sure you understand the law so you don't enter the premises illegally, which could lead to a lawsuit in addition to a broken lease. Was this page helpful? Sources
It’s OK to take a retirement hardship withdrawal when life takes a turn, but consider the risks.
While some in the debt relief industry might bring up the option of a “pay for delete” letter, it’s important to note that using one of these letters is extremely risky. This kind of letter violates theFair Debt Collection Practices Act. So, if your collections agency agrees to your ...
A default can occur on secured debt, such as a mortgage loan secured by a house or a business loan that's secured by a company's assets. The loan could go into default if the borrower fails to make timely payments and the asset or collateral that was used to secure it would be in ...
Looking Ahead: FAFSA Simplification Act Changes to the FAFSA are coming, but won't take full effect for a few years. The FAFSA Simplification Act – an overhaul to federal student financial aid that will change how aid is determined and streamline the application process – was expected to be...
Members of the armed services are eligible for various tax benefits that can increase their net take-home pay compared with civilians, such as tax-exempt allowances for housing and food, which can make up approximately 30% of a service member's total compensation, and the combat p...
Like all local governments in Ghana, KMA's functions are established by the Local Government Act (Act 936), which repealed the Local Government Act 1993 (Act 462). These functions include formulating and implementing plans, mobilizing resources and providing basic amenities [48]. The metropolis ...