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.or instance, in some parts of the country log homes can cost $350.00 or higher per square foot. Log Home Cost Savings Suggestions. Here is a list of suggestions that can help you reduce the final cost of a log home.