I was searching for a timely post that would be my last reblog of the week. This is perfect by Kristin Hamilton. I have warned everyone I will be going under cover to catch up on bookkeeping, receipts, tax forms etc. this coming week. The sales calls get quiet in Southern Md this week each year!
10 Homeowner Deductions to Write-off on your Taxes
April 15 is just around the corner so hopefully you have already done your taxes or are just waiting for them to be completed and mailed in.
Tax laws are constantly changing and it is hard to keep up with all the revisions so I always take mine to a Tax Attorney to be sure they are done correctly.
Here are the top ten 10 deductions for Homeowners.
1. Mortgage Interest Deduction
2. Home Improvement Loan Interest Deduction
3. Mortgage Points/Origination Deduction
4. Private Mortgage Insurance (PMI) Deduction
5. Energy Efficiency Upgrades/Repairs Deduction
6. Profit on Sale of Real Estate Deduction
7. Real Estate Selling Cost Deduction
8. Property Tax Deduction
9. Loan Forgiveness Deduction
10. Home Office Deduction
So if you have any questions regarding the above deductions, contact a CPA or a Tax Attorney to assist you. Also you can go on line to find Q & A's on the IRS site or your State Tax site.
If you are a renter and would like to become a homeowner and buy a home so you will have these deductions next year, be sure to contact me if you live in Southern California. Happy Tax Day!
Kristin Hamilton DRE #014092138 Keller Williams Realty -I sell real estate in Riverside and San Bernardino Counties commonly called the Inland Empire. I am a trained and experienced Short Sale agent. If you are looking for a professional and experienced agent, I am just a click away. Google me at Kristin Hamilton-Real Estate Agent. Homeowners and Buyers both will find my services top notch and successful. Call me to sell your home; both traditional and short sales.
California is a dream come true state no matter what your needs or wants are. We have year round warm weather, beautiful beaches, rustic mountains and desert communities. If you are looking for a home in southern California, please contact me. I am a local California Realtor, live in the Inland Empire community and aware of the local market. I am here to help you find a home or to sell the home you currently own. California has great opportunities to view Nature and Bird Watching. Whatever your needs are, you will find it here in California! From the Inland Empire you are 45 minutes to the beaches, mountains or desert. Housing is affordable in the Inland Empire area!
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