Home Tax Shelter
Home Sweet Home… Your greatest tax shelter.
Did you know that homeownership can be a great tool for making sure you aren’t paying more than you should in taxes? When it comes to holding on to your money, a little bit of research and information can go a long way. That’s why it is important to have some understanding of how owning a home affects your tax returns.
For my client appreciation program, I am sending you information on some of the tax advantages of home ownership.
1 Write off Mortgage Interest
2 Pay no income taxes on most home sales
3 Home improvements for health reasons are partially deductible
4 Write off interest on home equity loans
5 Home office deductions for qualified owners
6 Moving costs deductible
7 Deduct land lease payments
8 Write off property taxes
Others who have viewed this page also viewed these pages:
- Establish a Credit History – What you can do to increase your chances of being approved for a credit mortgage.
- IRS Tax Lien Appeal.htm – How to file an appeal of an IRS tax lien.
- What is a tax lien? – You should know certain things if you receive a tax lien.
