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

tax identity fraud alert with caution signs

CAUTION: What to Do if You’re a Victim of Tax Identity Theft

You may be asking yourself, what should I do if I am a victim of tax identity theft?

If this sounds like you, you may have found yourself in a situation where you tried to file your taxes only to find out that a return has already been filed under your Social Security Number (SSN)

…or even worse, under your child’s SSN?

Someone stole your Social Security Number and used it to file a tax return to claim your refund!

Read more