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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…

Tax Tips for Short Sales
Understanding how a short sale or restructure will be viewed by the Internal Revenue Service can help you plan your tax situation ahead of time. Read more…

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…

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…

About Tax Deductions for a Mortgage
You can deduct the interest that you pay on your mortgage loan if the loan meets IRS mortgage requirements. Read more…


More Home Ownership Articles

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

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