One reason depreciation is so valuable is that, unlike deductible rental property expenses such as interest and maintenance, you get to claim depreciation year after year without having to pay anything beyond your original investment in the property.
No matter what age you’re at or what age you’d like to retire, start planning for it now. What can you do to plan for retirement? What are some retirement planning tips for those further along in their career? Find out now.
Law changes in the past few years may have impacted your strategy without you even realizing it. Maybe you’ve had a will written, but would a trust be an appropriate addition to meet your goals? What is a living trust and should you consider one? Find out now.
We all have the means to prepare and file our tax returns on our own. But does that mean you’re going to be the best at it? Definitely not. Whether or not you need a CPA to handle your tax return comes down to how complicated your return is going to be, and how much time you’re willing to put into it.
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