Tax bomb ?

Eingrish teachers amuse me But so do financial wizards.

I met Harry Potter once. Maybe twice. Nope, could have been three times. I suck at math.

 

I am really not sure how these companies get away with that perdiem because they call it a reimbursement for expenses but they take it out of your pay ..... and then some charge you to do it ..... they do it with health insurance but that just keeps you even with the people that have insurance provided. ..... why couldn't you get 1500 a year deducted from your pay as clothing and supplies and save money that way ... it boils down to the raised the standard deduction and lowered the tax rate and got rid of most of the itemized deductions. .. now they are backtracking on the state taxes and letting this per diem thing go

 

Do you rent or own your life ?

 

Well said cheerio mate !!! Best of luck to you sir.

 

6 years and counting.

Your friend should read more. I’ll never have to pay property taxes again. Unless they change the law which has been on the books since statehood.

 

Mississippi is the state. Anyone over 65 pays no property taxes. My house is held in an irrevocable trust. My mother has a living estate within the trust, but does not live in it. She is over 65. Should she die within the next 6 years. I will have to pay property taxes for the remaining balance of the 6.

State property taxes are the hardest to avoid for most people. Federal tax liens, the easiest. If you own your own house, and owe nothing. Talk to an estate planner.

It’s a trade. You lose possession (in title) and can not borrow against it as an asset. But with proper planning, the IRS can’t seize it either

If you don’t plan on living in it for the rest of you life. It’s a mute point