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Recent Articles

How Short Sales and Foreclosures Affect Your Taxes
If you engage in a short sale or your mortgage lender forecloses on your home, there are some important tax implications that you'll want to consider. Read more…

How to Avoid Taxes on Canceled Mortgage Debt
If you lost your principal residence to a foreclosure or short sale, TurboTax can help you deal with the tax implications, including recent tax law changes that can offer some relief. Read more…

Energy Tax Credit: Which Home Improvements Qualify?
Taxpayers who upgrade their homes to make use of renewable energy may be eligible for a tax credit to offset some of the costs. Through the 2020 tax year, the federal government offers the Nonbusiness Energy Property Credit. The renewable energy tax credits are good through 2019 and then are reduced each year through the end of 2021. Claim the credits by filing Form 5695 with your tax return. Read more…

Video: What Are Energy Tax Credits?
If you purchased an electric car or made eco-friendly improvements to your home this year, you may be eligible to reduce the amount of tax you owe by claiming one of the energy tax credits. Read more…

What Are Energy Tax Credits?
In an attempt to promote a healthier environment, the U.S. Congress authorizes an array of energy tax credits as incentive for people using alternative energy resources. If you are eligible, these tax credits reduce the amount of income tax you owe on a dollar-for-dollar basis. To give that some context, a tax deduction only reduces the amount of income that is subject to tax, so energy tax credits could save you a lot of money. Read more…

More Home Ownership Articles

About Tax Deductions for a Mortgage Tax Tips for Short Sales Home Foreclosure: What's Your Tax Liability? Video: Guide to Short Sales, Foreclosures and Your Taxes Tax Tips for Foreclosures Video: Renting vs Buying a Home: Tax Breaks You Should Know A Guide to the 1098 Form and Your Taxes How to Estimate Property Taxes Video: Federal Tax Deductions for Home Renovation Tax Deductions for Rental Property Depreciation Real Estate Tax Tips: Owning Property as a Tenancy in Common Mortgage Refinance Tax Deductions Tax Deductions for Conservation Easements of Property Video: Tax Deductions When Buying or Selling a Home Can You Claim a Boat or RV as a Primary Residence? Property Management Tax Deductions Deducting Health Insurance Premiums If You're Self-Employed What are the Tax Implications of Involuntary Conversions? Buying a Second Home—Tax Tips for Homeowners What Is the IRS Form 5405? Video: Federal Tax Credit for Solar Energy Video: Deducting Mortgage Interest and Property Tax Tax Law for Selling Real Estate Are You An Accidental Landlord? Here's How to Tackle Your Taxes Homebuyer Tax Credit: 7 Surprising Facts Tax Aspects of Home Ownership: Selling a Home Home Ownership Tax Deductions Home Improvements and Your Taxes Video: Can We File Two Primary Residences if Filing a Joint Tax Return? Tax Breaks and Home Ownership What is IRS Form 8859: Carryforward of D.C. First-Time Homebuyer Credit Are Home Interest Loans Deductible From Taxes? Paying Property Taxes Online What Are Personal Property Taxes? Video: Home Repairs and Tax Deductions Deducting Mortgage Interest FAQs Video: Tax Tips for Paying Property Taxes Online Claiming Property Taxes on Your Tax Return Real Estate Tax Tips for the Owner of Record How to Deduct Mortgage Points on Your Tax Return Federal Tax Credit for Residential Solar Energy Can You Still Take the First-Time Homebuyer Credit? Federal Tax Deductions for Home Renovation What Are Home Renovation Tax Credits? 10 Energy-Related Home Improvements You Can Make Today Conserve Energy, Save Money with Larger Credits Unmarried First-Time Homebuyers: Who Gets the Credit for a 2010 Purchase? Video: The 2010 Energy Tax Credit Video: Learn about the First-Time Homebuyer's Credit Buying Your First Home What is Form 1099-A?

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