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.
The average cost to build a log home in the U.S. is approximately *$150.00-$200.00+ per square foot turnkey. The square footage you need to be concerned with is the actual living area on the main and second floor if applicable.** Note: covered decks can cost anywhere from $25.00 to $35.00 per square foot. The term turnkey means that the home has been constructed to a move-in state. Turnkey cost does not include the cost for the land or any site improvements such as installation of utilities, landscaping, road building, etc..