Normally, rental income is just like any other income, and you have to pay income taxes on it. But a little-known loophole in the tax law completely excludes certain amounts of rental income from your income taxes. And you don’t have to worry about reporting the income on your tax return, either, since it is tax-free. Two Requirements The two requirements for tax-free rental income are: …
One October
The time was shortly after 10pm, nearing the end of the shift, when an urgent sounding female voice came over the police scanner. “Shots fired. At least eighteen, possibly nineteen victims. Some fatalities. This is an active shooter.” I heard it myself and remember thinking, was this real? Nineteen victims? You can generally tell the seriousness of a situation by the tone of the …
