Summer is the season of vacations and fun in the sun, which means it’s a time of year when many households consider or make large purchases. Whether you’re thinking of adding a new car, a boat, or a vacation property to your portfolio, it’s wise to consider the tax implications before taking the plunge. Big acquisitions can mean big tax bills, but there are ways to legally minimize your tax burden while indulging in your favorite summer activities.

The summer season is a highly favored time for travel and experiencing enjoyable moments under the sun.  If you’re a U.S. citizen who travels for business or work-related reasons, you may be able to offset a portion of summer travel expenses on your tax return, while simultaneously enjoying your vacation. In order to make the most of opportunities for advantageous tax deductions, a certain degree of planning and following proper procedures is required. Read on for more information about summer travel write-offs. Are you eligible for a tax deduction?

Paying off your mortgage early is a decision many homeowners contemplate; after all, the allure of being debt-free sooner and saving on interest can be mighty tempting. If you’re ready to start paying your mortgage more aggressively, you should know that not all paths to financial freedom are created equal. There are right ways – and wrong ways – to go about reducing your mortgage burden. Here we share the pros and cons of paying off your mortgage early, and some helpful tips.