Download the monthly budget worksheet, add your income and expenses, and see how your spending aligns with the 50/30/20 rule. You can use the sheet to calculate your actual spending or planned ...

If you own real estate, you know your rental income needs to be reported on your federal income tax return. However, you can usually deduct associated expenses from that rental income. But did you ...

These include rental income, which acts like dividend income, along with substantial tax advantages and expense write-offs, which can feel like bonuses. "Owning a rental property isn't just about ...

This form details rental income and expenses, including depreciation deductions. Note that depreciation is mandatory for rental properties, even if you choose not to claim it. The IRS will still ...