Tag Archives: accounting

Home Sale Gain Exclusion Restrictions for Second Homes

Many taxpayers bought a second home, such as a vacation home, with the intention of later converting the second home into their principal residence. Under pre-2008 Housing Act law, those taxpayers could have excluded up to $250,000 ($500,000 for certain joint filers) upon a later sale of that former vacation home as long as the […]

A Visual Teaching Tool about Credit Card Debt

Credit Card Debt Explained with a Glass of Water   If you’ve wondered how much you are losing by not paying the full amount to your credit card company, wonder no more. This video is a great teaching tool for both thinking about debt differently as well as teaching your children the reality of using […]