Red Rock Tax & Consulting

Debt Consolidation Calculator

(Home Equity Loan)

 This calculator will show you how consolidating your high-interest debt into one lower interest loan can reduce your monthly payments and provide you with income tax savings at the same time.

 
  Enter each one of the debts that you would like to pay off, along with their corresponding principal balances, interest rates, and monthly payment amounts. Once you have all your debts entered, make any desired changes to the "New Loan Information" default entries and then click on the "Calculate New" button.

Payment Description Principal Balance Interest Rate Payment Amount Payments Left Interest Left
Totals >>>
New Loan Information
Need Additional Cash? If So Enter Amount Here Interest Rate Number of Years Estimated Closing Costs Fed & St. Tax Rate
Results Current New Loan
Total Principal Balance:
Effective Rate Before Taxes:
Effective Rate After Taxes:
Total of Monthly Payments:
Monthly Tax Savings:
Monthly Payment Reduction:
Total Monthly Savings:

Client Tools

REFUND TRACKER

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TAX ARTICLES 

Maximizing Tax Deductions: Tips for Small Business Owners in Hurricane, UT

10 May, 2024
Conquer tax season for your Hurricane, UT remodeling business! This Red Rock Tax & Consulting blog post unlocks valuable tips for maximizing deductions on common expenses like materials, labor, equipment, and even your home office. Learn how to navigate depreciation, explore the benefits of different business structures, and discover how a retirement plan can benefit you and your taxes. Don't go it alone - our expert tax advisors can ensure you claim every deduction you deserve and keep more money in your pocket. Call Red Rock Tax & Consulting today at (435) 635-2494!
Sales Tax Reporting Services in Hurricane, UT

Mastering Sales Tax Reporting: Avoiding Common Mistakes for Small Businesses

14 Feb, 2024
Are you a small business owner struggling with sales tax reporting? Discover helpful tips and insights in this blog post on how to avoid common mistakes and master sales tax reporting. Streamline your processes, stay compliant, and avoid penalties with these expert tips. Read now and optimize your business's financial management.
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