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Three Reasons Why Small Banks Are a Big Hit

The banking industry’s problems are well known—perhaps too much so. Fortunately, though, consumers have choices that go beyond big, super-sized financial institutions: community banks.

Taking Advantage of Homeownership

Using their home as a place of business has provided the Tripletts several tax advantages. After consulting two accountants and their attorney, and attending seminars on home-based businesses, the Tripletts deduct 28% of their mortgage payment, depreciation, property taxes, insurance, utilities, and expenses for household maintenance, repairs, or improvements. (For more information about home office deductions, see www.irs.gov/uac/Work-From-Home%3F-Consider-the-Home-Office-Deduction.)

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