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.
As a very rough âRule of thumbâ a fully built and fitted out log cabin should cost approximately twice the basic materials cost, ie if the kit cost is Â£50,000, then labour and materials to build it should be another Â£50,000.This estimate does not include the cost of land, groundworks and services.s a very rough âRule of thumbâ a fully built and fitted out log cabin should cost approximately twice the basic materials cost, ie if the kit cost is Â£50,000, then labour and materials to build it should be another Â£50,000.