Homeowner Education

The latest news, tips, and tricks for homeowners

Tax Shelter

Tax Shelter A Tax Shelter is a legal strategy or arrangement used to reduce, defer, or eliminate taxable income through deductions, exclusions, credits, or preferential

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Tax Liability

Tax Liability Tax Liability refers to the amount of tax that an individual or entity is legally obligated to pay to a taxing authority based

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Tax Lien

Tax Lien A Tax Lien is a legal claim placed by a taxing authority against a property or other assets when taxes remain unpaid. This

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Tax Evasion

Tax Evasion Tax Evasion refers to the illegal act of deliberately concealing, misrepresenting, or falsifying information to reduce or eliminate a tax obligation that is

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Tax Exemption

Tax Exemption A Tax Exemption is a legal provision that removes certain income, property, transactions, or entities from taxation under specific conditions established by law.

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Tax Deferral

Tax Deferral Tax Deferral is a tax treatment that allows income, gains, or obligations to be postponed to a later period rather than being taxed

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Tax Deed

Tax Deed A Tax Deed is a legal instrument issued by a government authority that conveys ownership of real property to a new party after

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Tax Deduction

Tax Deduction A Tax Deduction is an allowable expense or adjustment that reduces the amount of income subject to taxation. Rather than lowering the tax

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Tax Credit

Tax Credit A Tax Credit is a provision within tax law that directly reduces the amount of tax owed rather than reducing taxable income. Unlike

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Special Tax District

Special Tax District A Special Tax District is a designated geographic area where property owners are subject to an additional tax or assessment to fund

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