All Entries Tagged With: "equifax personal finance blog"
Remember the Nanny Tax? Don’t Forget the Other Workers in Your Luxury Home
Whether you’re planning to run for public office or not, you may want to take a second look at the “Nanny Tax,” the one that’s been the downfall of several public servant-wannabes over the years. Even if you’re past the age where you need a nanny to look after the children, you could have dozens [...]
Luxury Homes Not Immune to Property Tax Errors
Just because your home is in an exclusive area or falls in the “luxury” category, that doesn’t mean your local tax assessor is valuing it properly for tax purposes. By taking a closer look at your tax records, determining your assessment ratio and double checking the values around you, you could save thousands of dollars [...]
Taxes on Phantom Income Haunt Foreclosed Homes
According to a recent post in the Equifax Personal Finance Blog, one of every 136 American homes received a foreclosure notice in the third quarter of 2009 (attributed to a statistic from RealtyTrac). For those who had some or all of a home loan cancelled after deeding the home to the bank, participating in a [...]
Real Estate May Get Wealthy Americans Out of Paying More Taxes
With new taxes scheduled to take effect in 2013, wealthy Americans will be paying more taxes, including Hospital Insurance Tax of 0.9 percent and/or Medicare tax of 3.8 percent. Elections and two more sessions of Congress will take place before the new taxes are rendered, so anything can happen. Still wealthy Americans (and many who [...]
Does Your Luxury Home Have a Pool? You Might Need an Umbrella.
An umbrella insurance policy, that is. It will protect your assets and income when the limits of your homeowner’s and auto policies are reached. Without one, you could have a lot to lose. The Equifax Personal Finance Blog recently posted an article on the topic by insurance expert Linda Rey. “Umbrella Insurance: The FAQs” details [...]
