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Unintended Consequences

Prairie Eco-Thrifter

A person, trying to help a family member figure out how to pay taxes on their home and thus be able to keep possession of the fully paid off home suggested that the family member take in a roommate to earn some extra money. The intention was to get some extra money and get the real estate taxes paid. Don’t you hate politics!

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Current Mortgage Rates: Compare today’s rates | NerdWallet

Savings Corner

Each payment includes a combination of principal and interest, as well as property taxes, and, if needed, mortgage insurance. Lenders will have a base rate that takes the big stuff into account and gives them some profit. Global political worries can move mortgage rates lower. The most popular term is 30 years.

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Additional Income Needed: Work for Others or Yourself?

freestuff.tv

Would you give it a try? If you have a business license, those expenses are legitimate tax deductions with the IRS, but without the license, the IRS considers your endeavor a hobby, and no related expenses are tax deductible. When money’s tight, odds are good that you will seek outside employment.

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Carnival of Financial Planning – Money Management Edition #236 – May 11, 2012

Prairie Eco-Thrifter

PFP presents Investment Tax Management posted at Pasadena Financial Planner , saying, ” As you move your cash, bond, and stock financial assets into lower cost, more broadly diversified investment mutual funds and/or ETFs, you should also consider how to “locate” your investment asset allocation with respect to more optimal taxation.”

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