Tracy Hughes's (thughes7) Blog

As a Realtor you might have a desk at your brokers office but also use your home substantially and regularly to conduct business.  This would qualify you to take the Home Office Deduction.  You can take a percentage of your mortgage interest, insurance, utilities, repairs and depreciation.  To fi...

As a Real Estate Broker and Tax Accountant I often get asked how long should you retain tax documents.  I personally keep everything for 7 years.  This adds up to a lot of saved paperwork.  So I decided to start saving my tax documents and receipts to pdf files.  I keep the current 3 years in pap...

With the economy in a downward spiral this last year many people changed the withholding on their paychecks to increase their net pay.  This may have increased their paycheck for a little while but with tax season approaching they may have a big surprise when they get ready to file.  To find out ...

Working in Real Estate and Insurance it is really important to make sure our clients get the right coverage when buying that new home.  One thing most people forget about or don't have enough of is the contents coverage.  It is bad enough to go through the loss of your home to fire or other catas...