Knowing How to Compute Tax Basis in Your Home Can Save You Money


by Kiplinger

Kiplinger— Whether you're selling or buying a home, you'll want to know how to compute tax basis. It could save you on taxes when you sell.

Bangor Daily News—Young Mainers are saving money by living at home, but not everyone can. One of the biggest factors keeping young Mainers put is the skyrocketing home prices and rents of recent years, fueled by historic underproduction of housing.

ZDNet—How an unlocked phone and MobileX can save you money. Often, people buy their phone through their mobile carrier because it seems like the simplest option. What they may not realize is that they'll end up stuck for months or years paying it off, even if they'd like to take advantage of another carrier's great deal.As a result, many consumers are trending toward unlocked phones and purchasing them directly from companies like Apple, Samsung or a third-party retailer. Unlike phones that are exclusive to their carrier, you can take your unlocked phone...

Kiplinger—How a Two-Year Installment Sale Strategy Can Save on Taxes. When selling property or other substantially appreciated asset, you could spread the taxes over two years to save big bucks. Following the rules is critical, though.