Deducting interest and rental income on a vacation home is a profitable way to decrease the amount of tax that you owe. In order to reap the maximum benefit, a vacation home can be rented, but it must also be used for personal use by the owner. Vacation homes that fit this requirement are considered to be personal residences. As a result, the IRS allows you to deduct interest on up to $1 million of mortgage debt on two personal residences. Rental income can also be deducted because it balances out the expenses incurred from renting it.
Pack for an Atlantis Bahamas Vacation or Cruise Excursion in Nassau
A holiday in a tropical country can be an exciting experience, but you should make sure that you pack everything that you will need to make your holiday enjoyable. Whether you are staying in the luxury Atlantis Resort on Paradise Island, or touring around on a cruise ship, you can save yourself money and frustration by including certain items.
Get Cheap Vacation Packages to Louisville
How to Get Cheap Vacation Packages to Louisville. Most people travel to Louisville, Kentucky in the beginning of May to watch the Kentucky Derby. The city, though, is starting to become a year-round destination. Louisville boasts beautiful architecture and friendly people. Other attractions include Louisville Science Center & IMAX Theatre, Louisville Slugger Museum & Factory, Louisville Zoo, Six Flags, and the historic Bourbon trail, where you can explore distilleries.
Plan a Summer Vacation at the YMCA
The perfect family vacation can have a less than perfect price tag when theme parks and hotel stays are involved. Reasonably priced YMCA vacation parks and lodging are the solution--especially if you love the great outdoors. Your children can have the time of their lives exploring our nation's natural treasures.
Plan a Short Vacation to Propose
Sometimes getting away for the weekend is such a relaxing experience. If you are fond of the idea and feel that such a vacation would be the perfect time to propose, follow these steps.