While you’re out enjoying yourself around town, you may have noticed a “PIF Tax Fee” on your receipt.
PIF stands for Public Improvement Fee and believe it or not, it’s not a tax. PIF is a fee that is paid directly to the owner of the land or developer of a property and it’s not collected by the government like most people assume it is.
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.
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.
If you drive a large truck, then you will have to learn about IRS tax form 2290. But what is IRS tax form 2290 exactly? This is a tax levied on all vehicles with a gross weight of over 55,000 pounds.
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.