Tag: tax savings

Can You Benefit From an Agricultural Tax Exemption?

Homeowners who live on agricultural acreage that meets a minimum size standard may qualify for a significant property tax break. Rules vary from state to state, and there can be stiff penalties if you run afoul of them. Here’s how the “ag exemption” works and how you could benefit from it. Agricultural land is valued… Read more »

Understanding the Home Office Tax Deduction

If you run your business from home, you should know the IRS rules for claiming the home office tax deduction. Taking the deduction is a great way to save on your taxes, but you must follow these qualifying rules to avoid an audit. Who qualifies for a tax deduction? If you are a W-2 employee… Read more »