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      Refundable vs. Non-Refundable Tax Credits

      Brinker Simpson, Tax Rules, Tax-Tip Tuesday, Refundable Credits, Tax Refund, Non-Refundable Credits

      Tax credits can reduce your tax bill or give you a bigger refund, but not all tax credits are created equal. While most tax credits are refundable, some credits are nonrefundable, but before we take a look at the difference between refundable and nonrefundable tax credits, it's important to understand the difference between a tax credit and a tax deduction.

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      Tax Rules for Rental Income From Second Homes

      Tax Rules, Rental Income, Big 3

      Tax rules on rental income from second homes can be complicated, particularly if you rent the home out for several months of the year and also use the home yourself.

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      Renting a Vacation Home

      Vacation Homes, Tax Rules, Rental Income

      Tax rules on rental income from second homes can be complicated, particularly if you rent the home out for several months of the year, but also use the home yourself. There is, however, one provision that is not complicated.

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