Tax Time...Deductions You Need To Know About

By
Real Estate Agent with Portland Vancouver Homes

Tax Time...Deductions you need to know about!

Portland Vancouver Homes

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 

 

 

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Denice Neddo is a licensed Realtor who specializes in Clark County, Washington and also works both Clark County Washington and Multnomah County, in Oregon including the cities of Vancouver, Ridgefield, Camas, Battle Ground, Brush Prairie, Hockinson, Salmon Creek, Felida, and inner city Metro Portland. Her favorite Portland neighborhoods include Belmont, Brentwood-Darlington, Brooklyn, Buckman, Creston, Eastmoreland, Hawthorne, Hosford-Abernethy, Kerns, Laurelhurst, Mount Tabor, Reed, Richmond, Sellwood, Alameda, Alberta Arts District, Beaumont-Wilshire, Grant Park, Hollywood, Irvington, Sullivan's Gulch, Vernon and Woodlawn.  

All information contained in these posts is copyrighted and cannot be used without prior written approval authorization from the author. If you are looking for an outstanding agent please give Denice a call she would love to help you with all of your real estate needs.

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Comments (1)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Denice Thompson Neddo - nice to share the main points of tax deductions which many forget about.

And wow! Tax Time is here...so soon! I just paid the taxes last year...

Mar 22, 2016 09:38 AM

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