Tax season. Just the words can send shivers down your spine. But if you’re a homeowner, there’s a silver lining: potential savings from home-related tax deductions!
You’ve probably heard that you can deduct the interest you pay on your mortgage, but did you know there are many other ways homeowners can reduce their tax burden?
Continue reading Home-Related Tax Deductions
A couple is planning to tour the United States in a travel trailer during their first few years of retirement. They are going to sell their current home now and purchase another home when they finish their travels.
An interesting exercise is to determine the optimum time for selling the home: now or when they’re ready to buy their replacement home.
Continue reading Optimum Time for Selling
The new tax law signed at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could impact them specifically. These items may require some planning to maximize the benefits.
Here are some of the tax changes that will affect most homeowners: