Posts with tag deductions

While Sen. Bill Nelson (D-Fla.), pictured left, wants to talk about renewing the homebuyer tax credit, just about everyone else is discussing whether or not to change the mortgage deduction. Over the next year "deficit reduction" will be the buzzwords driving Congressional legislation, leaving little room in the budget for... Continue Reading »

How would you like to make a fortune and not pay a lick of taxes? And better yet, have it blessed by the IRS? That's what the owners of the L.A. Dodgers, the famously feuding Frank and Jamie McCourt, did. The secret comes down to owning commercial real estate, rental property, or another qualifying business property that... Continue Reading »