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.
If you factor in the number of serviceable years the log home provides you, you will get a true relative cost of construction. For example, if a house costs $200,000 to build and it wears out in one year, then the true cost of owning the house is $200,000 a year.he reason it is possible is the actual logs are a small part of the total cost of building a home. So let s cut through the mumbo-jumbo. What will it cost to build a log home. Some log home dealers quote prices from $200 and $400 a square foot.