Whether you are preparing for or are currently in retirement, managing your spending can be difficult. On one hand, you’re supposed to save money to ensure that your nest egg lasts. At the same time, you should make the most of life by enjoying the activities and adventures you never had time for in your working years. For those willing to put in the effort, there are ways of making your dreams more affordable. DEDUCTING ADVENTURE WAYS TO WRITE OFF YOUR FUN
he Wonder Dog
BOATS AND RVS
Whether you love taking a trip out on the water or into the wilderness, doing it in comfort is always a plus. While boats and RVs can have a high sticker price, there are tax deductions you can use to make the dream of ownership a reality. If the vehicle is equipped with sleeping, cooking, and toilet facilities, a boat or RV qualifies as a second home. You’ll be able to deduct the interest you pay on your loan, saving you plenty of money. Seeing the world is a great way to enrich your life, but it can be tough on your bank account. However, under certain conditions, Uncle Sam may be willing to lend a hand. Most people think the only way to deduct travel expenses is by planning a business trip, but this is not the case. Write-offs also exist to help people who are traveling for knowledge or to do good in the world. If you write for a blog, need to do some regional research for a novel, or want to volunteer in a disadvantaged part of the world, your expenses incurred for these purposes can be deducted. For lifelong learners, continuing your education can be just as much of an adventure as sailing the open seas. Unfortunately, feeding your brain can cost an arm and a leg. Thankfully, the IRS offers a Lifetime Learning tax credit, which can take off as much as 20 percent of the first $10,000 you spend for education after high school. There is no age limit for this credit, so go learn the subjects you’ve always been passionate about! TRAVEL EDUCATION
LAUREL’S GRILLED RANCH POTATOES
Ingredients
• 2 pounds baby potatoes, halved • 1/4 tablespoon extra-virgin olive oil • Juice of 1/2 lemon • 1/2 packet ranch seasoning
• Ranch dressing for drizzling • 1 tablespoon chopped fresh chives • Bacon bits (optional) • Salt and pepper to taste
Directions
1. Heat grill to medium. In a large pan, toss potatoes with olive oil, lemon juice, and ranch seasoning. Season generously with salt and pepper. 2. Skewer potatoes. (If using wood skewers, be sure to soak in water an hour before grilling.) Grill until tender and lightly charred, about 15 minutes. 3. Drizzle with ranch and garnish with chives and bacon bits.
Inspired by delish.com
Published by The Newsletter Pro • www.thenewsletterpro.com
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