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This article from Franklin Sanders should remind us as Christian parents to lay an economic foundation for our children. A foundation based on being industrious and working for themselves, never taking on debt and providing as much food for themselves, their families and others as possible...i.e. teach our children to farm.
It would be wise as parents to develop a homestead mindset where we can leave our children land, a home or homes, a place to raise their own food and a way to provide for their needs without having to be enslaved by the employment system.
Write-offs are the government's way of rewarding taxpayers when they've done something the government likes. And to judge by the write-offs, the government likes it when people borrow money to buy a house. There are write-offs aplenty, many of which people often forget.
Make sure your clients take advantage of every break the IRS will give. Here are a few they tend to forget: