What is the LIHTC program and how does it work?

The Low Income Housing Tax Credit, or LIHTC for its acronym in English, subsidizes the acquisition, construction, and rehabilitation of affordable rental housing for low- and moderate-income renters. The LIHTC was enacted as part of the Tax Reform Act of 1986 and has been modified numerous times. Since the mid-1990s, the LIHTC program has supported …

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What is the maximum Section 8 income?

The United States Department of Housing and Urban Development. provides millions of low-income housing units across the country through its Section 8 Housing Choice Voucher program. Section 8 units are not owned by the Department of Housing, i.e. private landlords they can choose to include their properties in the program, but instead the agency distributes …

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What is gross receipt and what does it mean?

The income they are a fundamental economic indicator, both in the family economy and in business. If we had to define them we would say that, broadly speaking, it is about the total earnings reported by an entity, family or person during a given time; regardless of the nature of its economic activity or its …

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What is SEPP? (Substantially Equal Periodic Payment)

Even the most far-sighted people must understand that life is like a wheel in an amusement park. Some days it is very high and in others, it could fall. This is a reality, especially in the financial field. Do you think that at any moment a person could lose their job or having to face …

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Can I deduct Medicare from my taxes?

Many people wonder if they can deduct Medicare on their income taxes. So is it possible? To a certain extent, yes. As you will see in the following article, premiums, deductibles, copays and other non-refundable expenses may be subtracted from the amount you will report on your taxesbut only if they exceed 7.5% of AGI …

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How to get a free credit report in Spanish

Do you want to take out a credit, request a loan or apply for a credit card in the United States? Or maybe you just want to know how much financial institutions know about you and your finances. then you need to know how to get a copy of your free credit report Here we …

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Does Bitcoin pay taxes in the United States?

After a decade of the introduction of Bitcoin, there is still a lot of confusion about how to pay taxes on this aspect. The cryptocurrency that was conceived as a medium for daily transactions has gained a lot of ground lately. At the same time, it has become very popular among traders, speculators, and people …

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