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.
According to Hawkins Research, Inc., the typical costs for the building of a ranch of 2500 square feet would include: 1  With mid-range materials, a masonry foundation with full basement, high-efficiency doors and windows, full appliances, and turnkey finishing the house would cost an average of $433,500 to complete.he building of any ranch-style home would never be a DIY project and requires a knowledgeable contractor, an architect, a team of subcontractors, and a cooperative owner to get the job done in a single calendar year.