In addition to the tax savings available for your contributions to a 401(k), the IRS also offers the Savers Credit if your Adjusted Gross Income (AGI) doesnât exceed certain maximums. This credit offers a dollar-for-dollar reduction of your federal income tax bill.he contributions that you make to a 401(k) plan only reduce your income taxes, not your Social Security and Medicare taxes. These two taxes only apply to your earned income, but you do not get to claim any deductions before these taxes are assessed.
Continuing the cost breakdown for utilities and services, Mike Holmes, a log cabin builder in Montana, says: $3,000 to $8,000 is a good estimate for the new installation of utilities and services for a cabin.
Obviously the higher price range is for much higher end log homes or even commercial log buildings. The average cost for a medium sized log home (1,500 s.f. - 2,000 s.f.) would be between $20,000 - $40,000 dollars and more depending on the design of the log home and the landscaping. These prices may seem high but you must consider what is being done to your log home.