Financing

Are Mortgage Points Tax Deductible?

Author:  Dona DeZube, November 17, 2014, HouseLogic.com When you took out a mortgage to buy your home, did you pay points? You may be able to deduct that prepaid interest on your federal tax return — but only if you meet a long list of rules. The points you paid when you signed a mortgage to […]

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Tax and Home Records Checklist: What to Keep and For How Long

By: Dona DeZube,HouseLogic.com Want to rest assured you have all the documents you need when you need them, but not be awash in paper? Read on. Unless you’re living in the 123-room Spelling Manor, you probably don’t have space to store massive amounts of tax and insurance paperwork, warranties, and repair receipts related to your home. […]

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Don’t Miss These Home Tax Deductions

Author: Dona DeZube, January 12, 2016,Houselogic.com From mortgage interest to property tax deductions, here are the tax tips you need to get a jump on your returns. Owning a home can pay off at tax time. Take advantage of these home ownership-related tax deductions and strategies to lower your tax bill: Mortgage Interest Deduction One of the […]

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9 Easy Mistakes Homeowners Make on Their Taxes

Author: G. M. Filisko, January 12, 2016, HouseLogic.com Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit. As you calculate your tax returns, be careful not to commit any of these nine home-related tax mistakes, which tax pros say are especially common and can cost […]

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5 Good Reasons to Amend Your Tax Return — and How

Author: Reyna Gobel, January 12, 2016, HouseLogic.com Missed tax deduction? Overlooked tax credit? Get what’s coming to you by amending your return. Your home is a great source of tax savings if you know what qualifies and don’t forget to claim deductions and credits. If you missed any of these five, you can go back in time […]

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