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GET YOUR HOME FALL-READY
Q4 is rapidly approaching, so it’s time to start exploring various deductions, credits, and incentives that can help you save money and reduce your overall tax liability. Grasping a firm understanding of these tax-saving strategies can put money back in your pocket. Don’t forget about deductions. Expenses or contributions that can be subtracted from your total taxable income to reduce the amount subject to tax are known as deductions. Standard deductions are a fixed amount of money you can deduct from your taxable income — this varies based on your filing status but is a simple option if you don’t have many itemized expenses. Then, itemized deductions are for those with many qualifying expenses such as medical expenses, mortgage interest, charitable contributions, state and local taxes, and various work-related expenses. For example, teachers and educators can deduct up to a certain amount for all out-of-pocket expenses that benefit their students and classrooms. BOOST YOUR Uncover Deductions, C
Simple, Affordable DIY Projects You’ll Love
Housewares stores are currently full of cute autumn decor, but the cost of refreshing your house’s look each season adds up quickly. Fortunately, you can do a lot for less. Many DIY crafts are not as complicated as you might think. In addition to saving money, you’ll create personalized charm none of your neighbors can match. Repurpose your pumpkins. Small gourds are incredibly versatile. Just sprinkling a few around your dining room table or mantle makes it feel like fall. But you can quickly elevate them using metallic paint to add cute designs, phrases, or names. Another option is to wrap seasonal fabric around them like a pouch, gathered at the stem. If you feel more ambitious, you can also use pumpkins to make succulent planters. Cut a crater in the top of the pumpkin, pop in the succulent and soil, and press the dirt until snug. Light up the night. The soft glow of a lantern or candle is the perfect way to get the cozy vibes started. Instead of succulents in the top of your pumpkin, you can set wax and a candle wick to create something unique. If you’re bored with pumpkins, try the same with acorn caps. An even simpler idea involves glazing real or fabric leaves on the outside of mason jars with craft glue. Then add decorative stones and a wax or battery-operated tealight for a seasonal twinkle. Decorate your door. Wreaths are a DIY staple for several reasons. They’re easy for beginners to make and can set the tone for your home by offering visitors an autumnal focal point. You can buy a variety of starter wreaths at the craft store, so find one that suits your taste. Then pick up other supplies like leaves, pine cones, dried corn, and ribbon. Now you’re ready to hot glue to your heart’s content and create something distinctive. If you need further ideas, look closer the next time you shop. Many of the fun fall items for sale aren’t very difficult to make yourself with a few minor adjustments and a little creativity.
Take advantage of credits.
Tax credits provide a dollar-for-dollar
reduction in tax liability, a great tool for maximizing tax savings. Unlike deductions
Cozy French Onion Soup
Inspired by TasteOfHome.com
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