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Selling Your Primary Residence: A Tax Guide

Selling a primary residence can be both exciting and overwhelming. To make informed decisions, it’s important to understand the tax implications.
Here’s a comprehensive guide to help you navigate the tax aspects of selling your home.

Capital Gains Tax:
Your gain is essentially the difference between the selling price and your home’s adjusted basis.

Maximizing Tax Benefits: The Business Use of a Vehicle

An often-overlooked area to optimize financial strategies is the business use of a vehicle, which can offer significant tax advantages if managed correctly.

What constitutes qualifying business use? Generally, the use of a vehicle for business-related activities, such as transportation to client meetings, travel to business-related events, and delivery of goods or services, can be considered for tax purposes.

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