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Is a Tax Sheltered Annuity Qualified?

Shelters, annuities, qualified, unqualified…all of these terms can get confusing when an investor planning for retirement is trying to figure out the best vehicle for saving and accumulating assets. It helps to refresh our understanding of some key terms:
How Much Mortgage Interest Is Tax Deductible?

One benefit of home ownership is the ability to deduct your mortgage interest on your taxes.
What is a 403B Tax Shelter Annuity and How Does it Work?

Many investment vehicles are available for employee retirement. Individual Retirement Accounts (IRAs) and 401(k)s could be considered among the most visible in this category. Also in this category is the 403(b), also known as a tax-sheltered annuity, or simply a TSA. As its description implies, this particular investment is a form of a tax shelter that has, in the past, been compared to other retirement investments. There are, however, various differences between the TSA and IRA.
What Are Good Tax Shelters?

Sheltering income from taxes, also known as tax avoidance, is a legitimate and worthy pursuit. It is distinguished from tax evasion, which is the deliberate underpayment of or failure to pay taxes. There are several excellent ways to shelter income from taxes, including making contributions to certain retirement accounts, using pre-tax dollars to pay for health insurance and medical care, enrolling in a college savings account, and owning a business.
What is a Tax Shelter and How Does It Work?

Merriam-Webster defines the term “shelter” as: Something that provides protection An establishment that houses and feeds strays or unwanted animals Delving into this a little further, a “tax shelter” isn’t too far off the first definition’s mark, while having nothing to do with the second. Turning back to Merriam-Webster, a tax shelter is defined as: An entity, such as a partnership or investment plan, formed with tax avoidance as a main purpose An interest offered or purpose, with the goal of providing favorable tax consequences
Real Estate Tax Strategy for the Family Office

Very affluent families may establish a family office to manage their wealth. These entities usually serve family units with tremendous assets and complex needs. In addition to investment advice, the family office may provide tax and estate planning services and personal support in other areas. Historically, most family offices were not registered as investment advisers due to their private status. After the Dodd-Frank Wall Street Reform and Consumer Protection Act eliminated the exemption for private advisers, the Securities and Exchange Commission adopted a rule that defined family offices and excluded them from regulation under the Investment Advisers Act of 1940.
How Do State Property Taxes Work?

Not all states have income taxes, but the same can’t be said for property taxes. Every state and the District of Columbia have property taxes.
Key Steps for Meeting The July 15th Filing Deadline

Even though our world may feel like it is at a standstill, many property owners are still navigating the time-constrained process of a 1031 exchange. However, in response to the chaos of the pandemic, the IRS issued Notice 2020-23, which extended deadlines for time sensitive tax actions.
Maximizing After-Tax Cash Flow Through Financial Tools Online

Investors are conditioned to look at pre-tax returns. It’s a learned behavior that can be traced back to the day that first paycheck arrived. But alas… somewhere between gross and net, the wages were placed in a tax grinder. Years and decades later, many investors still struggle to remember that the IRS has a voracious appetite. The key is not to focus so much on the top dollar amount; what matters at the end of the day is how much you can put in your pocket after taxes.
The Tax Benefits of Real Estate Investing

The Land Act of 1820 was one of America’s first solutions for motivating people to buy land in “The West.” By reducing the minimum price and size of a standard tract, the government made land ownership throughout the country accessible for average Americans—not just the wealthy.
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