Coeur d'Alene is a fast growing lake/mountain town in northern Idaho's panhandle and only 30 miles east of Spokane (WA). This beautiful town is chalk full of activities for retirees. If you enjoy the great outdoors, then this is your place. Here is some information about retiring in Coeur d'Alene.
For those of you who enjoy winter activities Coeur d'Alene is also located near two major ski resorts, Silver Mountain Resort and Schweitzer Mountain Ski Resort.
What is a SEP IRA?
A Sep-IRA is a Simplified Employee Pension Plan, which is a retirement plan specifically designed for anyone with self-employment income. A SEP retirement plan can help you contribute to your retirement savings while reducing your taxable income. A SEP-IRA will also be recognized as a contribution to the owner/owners “Reasonable” wages.
If you are a senior or retiring, be sure to take advantage of the deductions available to reduce your income taxes each year. Here are some of the most important tax deductions everyone should know. In this article we will look at tax deductions for seniors and retirees.
When living overseas, you must know your tax liabilities and vigorously plan ahead of time. Unfortunately, America pursues taxes worldwide so don’t expect to avoid a U.S. taxes by moving out of the country. Today we will look at expat taxes.
Which key 2014 tax deduction and credits will not be available to taxpayers on this year’s tax returns?
2014 Tax Deduction: 6 Key Deductions That We Lost
1. Medical Expense Deduction Thresholds
Under the old rules, those who itemize could deduct medical expenses exceeding 7.5% of their adjusted gross income. Obamacare has now increased this threshold to 10%. For example, an individual with an adjusted gross income of $50,000 can only deduct expenses over $5,000, rather than the $3,750 limit that would have applied under the old rule.
When thinking about putting your Coeur d’Alene home on the vacation rental market, you must consider many aspect before choosing a management company. Price and management fees should reflect the type of management services you require. To reassure you are not overpaying, get multiple quotes. Today we will look at the topic of vacation rental companies Coeur d'Alene Idaho.