keep track of home improvements to help lessen your taxes: Keep Track of Home Improvements to Help Lessen Your Taxes - 01/27/12 10:02 AM
With Tax time here, I thought I'd share a tip on things you can Deduct and Minimize your possible Taxes.  If it's too late for your 2011 taxes, start doing it for your 2012 taxes!  
Maintenance on a principal residence, the house you live in, is not a deductible, BUT, Improvements can add to the basis which can reduce the gain in the sale. Improvements are easily identified if they add to the value of a home, prolong its useful life or adapt it to new uses.   Receipts and other proof, such as pictures, should be kept during ownership and for … (2 comments)

 
Samantha Smith, Sam I Am Houses, Simply Texas Real Estate (214.422.0729 www.SamIAmHouses.com)

Samantha Smith

Sam I Am Houses, Simply Texas Real Estate

Rowlett, TX

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214.422.0729 www.SamIAmHouses.com

Address: Garland, Rowlett, Rockwall, Heath, Fate, Wylie, Sachse, Murphy, TX, 75089

Office: (214) 422-0729

Mobile: (214) 422-0729

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