Property

• Home Insurance
  If you rent your vacation home for more than 14 days, you must report all rental income you receive. However, now you can deduct certain rental-related expenses, including depreciation, condominium association fees, property management fees, utilities, repairs, and portions of your homeowner's insurance. How much you can deduct will depend on how often you and your family use the property. But, as the owner of investment property, you can take a loss on the ultimate sale of your rental homes, which second-homeowners can't do.

Health and Life

• Life Insurance
  How much life insurance do you need? This comprehensive life calculator includes detailed net worth analysis, budgeting and college savings helps you find out.
• Health Insurance
• Disability Insurance
  Use this calculator to determine how much disability insurance you may need to cover expenses if you are unable to work due to illness or injury.
• Long Term Care
  Long-term care premiums are deductible up to certain amounts as itemized medical expense deductions. The amount is based upon your age. Unfortunately, most taxpayers do not have enough other medical e...

Personal

• Annuities
  Private annuities, like life estates, term interests, remainders, and reversions are valued for estate, gift and tax purposes using actuarial tables issued under Code Sec. 7520 by the IRS. The applicable interest rate, which the IRS calls the "Applicable Federal Rate" (or AFR), fluctuates based on current market interest rates and is published on a monthly basis by the IRS. For example, the Code Sec. 7520 interest rate for March 2008 was 3.6 percent. The interest rate hit a historical low of 3 percent in July 2003, and has been as high as 11.6 percent.