Monthly Archives: March 2017

Home Improvement and Your Taxes

If you’ve made renovations to your home or business in the last year, you’ve made a valuable investment. And as with any investment, you may be able to make a sizeable deduction on your taxes or receive a tax credit, whether filing as an individual or as the head of a business. It’s important to know what credits are available to you if you are considering making improvements to your home or business, or if you are filing this year after renovating your work or living space last year.

For homeowners who have made improvements to their primary residence in the past year, there are several options to offset any tax burdens, depending on the type of renovation and the reason.

Purchasing an existing home often means having to make improvements before even moving in. Many homebuyers have been able to calculate these expenses ahead of the purchase, and qualify for a mortgage that covers the renovations as well as the repairs. Tax laws allow you to deduct the interest on the portion of the mortgage used to cover these repairs if the repairs as part of the mortgage interest deduction. Likewise, renovations made for medical necessity – such as installing ramps or making kitchen or bathroom wheelchair accessible – can be claimed as a medical expense. Additionally, renovating your home’s energy source can qualify you for a tax credit, according to Turbo Tax. Qualifying geothermal, solar, wind or small fuel cells home energy sources can get you a tax credit of 30 percent of the cost, helping to offset the upfront costs of making your home self-sufficient.

For small business owners, any repairs made to the building of operation to restore it to its original condition can be wholly deducted. Likewise, adding energy efficient power, heating and cooling can earn businesses a credit on their tax bill. However, any additions or enlargements of workspace are ineligible to earn tax credits.… Read More

Dressing For the Midnight Showing

For many getting to see a premier of a movie is an opportunity of a lifetime. There are some people that would never go to see a B rated movie and others that would jump at the chance. No matter what the movie is any premier is a grand event.  The setup of the venue. The stars that attend. Plus, the attire of all that attend. These aspects add to the thrill of the event.

With all reviews in, the movie is said to be just as great as it appears to be in the trailers. Now is time for those lucky enough to get to go to the premier to get ready for the midnight showing. Preparing ahead of time is key for saving money on everyone’s attire. By preparing ahead of time they can order the items for their attire online.

A quick online search will save them more money than most would think. The online search for discounts will produce a multitude of websites. Many of these websites offer coupons and discount codes for various online merchants and for the physical merchants. One website that offers such discounts is Groupon.com. Groupon.com shows what each merchant is offering for discounts, promo codes, percentages off their products and even discounts on shipping on their products. They provide anything the merchant wants to offer.

At a premier, the style of clothing depends on the genre of the movie itself. With a B rated movie, the style of the attire will be more relaxed than a premier of a major blockbuster. Even websites such as 6PM.com, carries clothing appropriate enough for this premier. Between the dress shirts, the dresses, and the jewelry they carry everything that is needed for both males and females. Where ever you go, to obtain your attire as long as you use Groupon.com you will save money.

 … Read More