Tax Time...Deductions you need to know about!
As a homeowner you are probably taking the best deduction of all, mortgage interest, but did you know there are a few more you could be taking?
In a recent article on realtor.com, a list of little known tax deductions that could save homeowners thousands. Here is a link to the full article. LINK
The top items are:
1. Of course, mortgage interest
2. Private mortgage insurance
3. Property taxes
4. Capital gains on a home sale
5. Medical improvements
6. Home office
7. Renting out your home on occasion
8. Discount points
9. Energy efficient tax credit
10. Loan debit forgiveness
Read the whole article and get the skinny, great information!
*Of course I am not a tax attorney, CPA and would never want this construed as tax advice, always seek tax advice from your CPA or attorney!
I can give advice on selling or buying a Portland or Vancouver area home, call me at 360-607-4226 or 503-756-9759