Volunteers have vacation to remember
LUMBERTON - Gayle Schlautman couldn't find the words to express how grateful she was that a group of 13 people from 1,200 miles away took the time to begin work on the Lumberton house she has called home nearly all her life. Throughout the week, the volunteers, who were from St. Cloud, Minn., put a new roof on her house, repaired water-damaged ceilings and took care of a number of other home repair needs created by Hurricane Katrina. .
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Reasonable Caps Should Be Placed On Vacation Accrual
I have followed the issue Rhonda Thurman raised about school administrator vacation and sick leave very closely. Kudos to you, Rhonda. I thoroughly agree that reasonable caps should be placed on vacation and sick leave accrual. Almost every corporation, small business, and non-profit organization in America puts limits on accrued paid time off. And for good reason. This limits the financial liability the organization has when an employee is terminated, voluntarily or involuntarily, or when he or she retires. On the second issue that arose from this controversial request Rhonda made... She simply asked for accrued paid time off dollar figures, not their pay. If people have the time to back into what salaries administrators are paid, more power to them. Although, if they went to a public school in Chattanooga, they would probably have difficulty with the mathematics required to calculate such numbers.
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Clarifying tax savings on vacation home
Taxpayers are entitled to claim deductions for their principal residence and one vacation or second home. Except for unusual situations, the ownership tax breaks for a primary residence are generally limited to the mortgage interest and property tax deductions. However, tax savings from owning a second or vacation home are a bit more complicated and are often greater. Depending on your personal-use time, and with some advance tax planning, your vacation or second home can produce significant tax savings. Purchase Bob Bruss reports online. FOUR TAX CATEGORIES FOR SECOND OR VACATION HOMES. Mortgage interest and property tax payments for your second or vacation home are always tax-deductible. However, if you own a third home, it does not qualify for the mortgage interest and property tax deductions unless it is a rental property.
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LUMBERTON - Gayle Schlautman couldn't find the words to express how grateful she was that a group of 13 people from 1,200 miles away took the time to begin work on the Lumberton house she has called home nearly all her life. Throughout the week, the volunteers, who were from St. Cloud, Minn., put a new roof on her house, repaired water-damaged ceilings and took care of a number of other home repair needs created by Hurricane Katrina. .
Read More
Reasonable Caps Should Be Placed On Vacation Accrual
I have followed the issue Rhonda Thurman raised about school administrator vacation and sick leave very closely. Kudos to you, Rhonda. I thoroughly agree that reasonable caps should be placed on vacation and sick leave accrual. Almost every corporation, small business, and non-profit organization in America puts limits on accrued paid time off. And for good reason. This limits the financial liability the organization has when an employee is terminated, voluntarily or involuntarily, or when he or she retires. On the second issue that arose from this controversial request Rhonda made... She simply asked for accrued paid time off dollar figures, not their pay. If people have the time to back into what salaries administrators are paid, more power to them. Although, if they went to a public school in Chattanooga, they would probably have difficulty with the mathematics required to calculate such numbers.
Read More
Clarifying tax savings on vacation home
Taxpayers are entitled to claim deductions for their principal residence and one vacation or second home. Except for unusual situations, the ownership tax breaks for a primary residence are generally limited to the mortgage interest and property tax deductions. However, tax savings from owning a second or vacation home are a bit more complicated and are often greater. Depending on your personal-use time, and with some advance tax planning, your vacation or second home can produce significant tax savings. Purchase Bob Bruss reports online. FOUR TAX CATEGORIES FOR SECOND OR VACATION HOMES. Mortgage interest and property tax payments for your second or vacation home are always tax-deductible. However, if you own a third home, it does not qualify for the mortgage interest and property tax deductions unless it is a rental property.
Read More
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