tax deductions for homeowners: 9 Easy Mistakes Home Owners Make on Their Taxes
- 02/07/13 06:43 AM
9 Easy Mistakes Home Owners Make on Their Taxes By: G. M. Filisko Published: December 31, 2012 Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit. Sin #1: Deducting the wrong year for property taxes You take a tax deduction for property taxes in the year you (or the holder of your escrow account) actually paid them. Some taxing authorities work a year behind — that is, you’re not billed for 2013 property taxes until 2014. But that’s irrelevant to the feds. Enter on your federal forms whatever amount
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