A Homeowner’s Guide to Taxes
Author: M&M Admin
Should I Sell My House Now? 7 Great Reasons To List This Spring—and 3 Times You Might Want To Wait
Reasons to sell a house now
Even though sellers might not see the insane bidding wars and packed open houses they saw a year or two earlier, make no m…
Tax Deductions on Rental Properties
Landlords can deduct a big ‘bonus’ the first year
Blame it on wear and tear or just the passage of time, but in the eyes of the IRS, rental proper…
Tax Deductions on Home Equity Loans and HELOCs
Acquisition debt vs. home equity debt: What’s the difference?
For starters, it’s important to understand “acquisition debt” versus “home equ…
How To Take A Home Office Tax Deduction
Who can deduct a home office?
We’ve got some good news and bad news. The bad news: In years past, if you worked for a company (and received a W-2) b…
What Is Capital Gains Tax On Real Estate?
Who pays capital gains tax?
In a nutshell, capital gains tax is a tax levied on possessions and property—including your home—that you sell for a p…
5 Tax Deductions To Take When Selling A Home
Selling costs
These deductions are allowed as long as they are directly tied to the sale of the home, and you lived in the home for at least two of th…
Your Home Tax Deduction Checklist
Mortgage interest
In the past, you could deduct the interest from up to $1 million in mortgage debt (or $500,000 if you filed singly).
“But for loa…
How To Calculate Property Tax
How to calculate property tax
There are a number of factors that come into play when calculating property taxes, from your property’s assessed value…
7 Tax Benefits Of Owning A Home
Mortgage interest
Homeowners with a mortgage that went into effect before Dec. 15, 2017, can deduct interest on loans up to $1 million.
“However, f…