Estate Planning Grid

Is Estate Planning Tax-Deductible?

Estate planning is never a fun topic to talk about, but it’s extremely important in managing our money and assets well after we pass on. Without estate planning, the government is put in charge and things can get much more difficult for friends and family.

A common thought is that estate planning is only for the rich and successful. But that isn’t true at all. Everyone has some kind of estate, whether that’s owning a 2001 Toyota Corolla, multiple real estate properties, a treasured family heirloom, or having money in investment or retirement accounts.

Read more

Are HOA Fees tax deductible with toy house on top of red letters HOA

Are HOA Fees Tax Deductible?

If you’re a homeowner, you’re probably wondering if your HOA fees are tax deductible?

Although the United States has an incredibly complicated tax code, it does allow for a large number of tax deductions you can take advantage of today. This allows you to lower your pre-tax income.

By doing this, you’re able to pay less in taxes or you may even receive a refund check from the IRS.

Let’s take a quick look at whether or not you can write-off your HOA fees.

Read more

Is YMCA Tax Exempt front entrance

Is YMCA a Tax-Exempt Organization? (Complete Guide)

You may be wondering, Is the YMCA a tax-exempt organization? Can I donate to it and can I use my donations as a tax write-off?

The YMCA is one of the leading charitable organizations in the United States. For more than 150 years, The Y has worked to improve the lives of its members.

In order to help the community stay active and healthy, this organization provides exercise facilities, pools, and gyms. It also provides child, family services and job placement services.

Today I will take you through everything you need to know about the YMCA Tax-Exempt Status, how to donate to the organization and how it will affect your taxes.

Read more

Minneapolis Minnesota wheelage tax

What is Wheelage Tax and How Can it Help Me?

Are you confused about how the Wheelage Tax works? There are many different components that are included in this tax for the state of Minnesota.

Today I will give you a complete guide on how you can properly understand how it works and what you’ll need to do in order to pay your Wheelage Tax correctly this year.

Read more