Tax Guides > Home Ownership

Recent Guides in Home Ownership

• Tax Law for Selling Real Estate

  If you live in a house for two of the previous five years, you owe little or no taxes on its sale. Knowing the tax laws can make a considerable difference in the tax picture when you sell a building, whether it?s your residence or a property that was previously your residence. Read more…

• Video: Deducting Mortgage Interest and Property Tax

  If you itemize your deductions on Schedule A of your 1040, you can deduct the mortgage interest and property taxes you've paid.  Read more…

• Taking the First-Time Homebuyer Credit

  Note: The content of this article applies only to taxes prepared for 2009 and 2010. It is included here for reference only. It's a new and improved version of the 2008 First-Time Homebuyer Credit that should help make buying a home more affordable for many buyers. The credit has been increased to $8,000 and doesn't have to be repaid. For purchases after November 6, 2009, a $6,500 credit is also available to qualifying repeat buyers. Read more…

• Home Foreclosure: What's Your Tax Liability?

  Exceptions to federal tax laws allow some homeowners to escape additional tax liability when going through foreclosure. Read more…

• Homebuyer Tax Credit: 7 Surprising Facts

  The Homebuyer Tax Credit was extended and expanded on November 6, 2009, but qualifying for it can still be tricky. If you're hoping to claim the credit in 2010, these tips could help you. Read more…

More Guides in Home Ownership

• Unmarried First-Time Homebuyers: Who Gets the Credit for a 2010 Purchase?

• Buying Your First Home

• What is the IRS Form 5405?

• Conserve Energy, Save Money with Larger Credits

• 10 Energy-Related Home Improvements You Can Make Today

• Video: Home Repairs & Tax Deductions

• VIDEO: How TurboTax Helps with Complex Taxes

• Tax Relief for Cancelled Mortgage Debt

• Buying a Second Home - Tax Tips for Homeowners

• Tax Breaks and Home Ownership

• 2009 Stimulus Package: What's Still In It For You in 2010

• Video: Learn About The First-Time Homebuyer's Credit

• Home Improvements and Your Taxes

• Are Home Interest Loans Deductible From Taxes?

• Tax Aspects of Home Ownership: Selling a Home

• Video: What Are Energy Tax Credits

• Video: Federal Tax Credit for Solar Energy

• Energy Tax Credit: Which Home Improvements Qualify?

• Home Ownership Tax Deductions

• Federal Tax Deductions for Home Renovation

• Deducting Mortgage Interest FAQs

• How to Report a Foreclosed Rental House on Your Taxes