Find a Penny, Find a Tax Break: Uncovering Hidden Savings on National Lucky Penny Day

Hi there,

Have you ever found a penny on the sidewalk and felt a surge of unexpected good luck? In honor of National Lucky Penny Day on May 23rd, Rosenberg Chesnov Advisors, a Stable Rock Company want to help you discover your own financial "lucky pennies" – hidden tax breaks and unexpected savings that can put more money back in your pocket! This month's newsletter uncovers tax-saving opportunities you might be missing and explores the folklore surrounding lucky pennies, along with tips to harness their good fortune (remember, good record-keeping is key for both!). Learn how to transform your tax return and unlock the hidden luck of pennies!?

Tax Advantages of Home Ownership

Considering Buying a Home? Don't Miss Out on Tax Savings!

Owning a home offers more than just financial stability and pride of ownership. Homeowners can benefit from valuable tax advantages that can significantly reduce their tax burden.

This article explores some of the key tax deductions available to homeowners, including:

• Mortgage interest and points deduction
• Property tax deduction
• Energy efficient home improvement credit
• Capital gains exclusion on home sale (up to certain limits)

Thinking about buying a home? Learn more about how these tax benefits can impact your financial situation.?

Insights

• Common Tax Deductions for Young Professionals (and Everyone Else!) This blog explores tax deductions that benefit young professionals, but many apply to everyone! Learn about deductions for retirement savings, student loans, medical expenses, and charitable donations to potentially lower your tax bill. > Read More
• Smart Record-Keeping: The Taxpayer’s Essential Guide. Don't wait for tax season to scramble! This article provides tips for stress-free filing through smart record-keeping. Learn what documents to keep and for how long, along with organization tricks and the perks of going digital.?> Read More

Just like in the old saying, "find a penny, pick it up, and all day long you'll have good luck," uncovering these tax breaks can bring a smile to your face. Interestingly, the penny itself has a curious history. Its association with good luck likely stems from ancient beliefs about metals being gifts from the gods!

While the penny itself may not hold much value these days, the tax savings you discover certainly will.

Don't let these tax breaks become like overlooked pennies on the ground! Unearthing these savings can be just as rewarding as finding a lucky penny.?

Stay well,

Jody

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