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.
Cost is controlled by design. They usually cost between $150 and $300 per square foot. The average log home costs $200/ square foot.Costs can vary depending on the finishing material used and local labor. For example a window package could cost from $10,000-$70,000 and a carpentor could charge from $18 an hour to $50 an hour.Using Old Yale Log Home's experience to work with your designer/architect and contractor can ensure you get the custom home you desire within your budget and needs.ost is controlled by design. They usually cost between $150 and $300 per square foot. The average log home costs $200/ square foot.