Home Ownership Tax Tips

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Real Estate Tax Tips for the Owner of Record
Owning real estate comes with many benefits, but also a fair amount of costs. The tax code includes several breaks designed to offset some of those costs, but generally, the only person who can claim them is the legal or equitable owner, often referred to as the owner of record. Usually, that's the person listed in public records as the owner of the property. Read more…

Federal Tax Credit for Residential Solar Energy
The federal solar tax credit for solar energy upgrades to your home may not be around for much longer. Here's how to claim this credit. Read more…

Claiming Property Taxes on Your Tax Return
If you pay taxes on your personal property and owned real estate, they may be deductible from your federal income tax bill. Most state and local tax authorities calculate property taxes based on the value of the homes located within their areas, and some agencies also tax personal property. If you pay either type of property tax, claiming the tax deduction is a simple matter of itemizing your personal deductions on Schedule A of Form 1040. Read more…

Video: Can We File Two Primary Residences if Filing a Joint Tax Return?
There are many tax incentives for owning a home. But how do you designate a primary residence when you own more than one home? Watch this video to find out. Read more…

Video: Guide to Short Sales, Foreclosures and Your Taxes
If you are like most people, the purchase of a home is probably one of the biggest financial decisions you will ever make. But sometimes, circumstances beyond your control may require you to sell the home in a short sale or cause you to lose your house to foreclosure. Watch this video to learn more about how short sales or foreclosures may affect your taxes. Read more…

More Home Ownership Articles

Video: Federal Tax Deductions for Home Renovation What is Form 1099-A? Home Foreclosure: What's Your Tax Liability? What Are Home Renovation Tax Credits? Video: What Are Energy Tax Credits? Property Management Tax Deductions Are You An Accidental Landlord? Here's How to Tackle Your Taxes Deducting Health Insurance Premiums If You're Self-Employed Video: Learn about the First-Time Homebuyer's Credit Video: Home Repairs and Tax Deductions Tax Aspects of Home Ownership: Selling a Home What Are Personal Property Taxes? How to Avoid Taxes on Canceled Mortgage Debt Unmarried First-Time Homebuyers: Who Gets the Credit for a 2010 Purchase? Home Ownership Tax Deductions Energy Tax Credit: Which Home Improvements Qualify? Buying Your First Home Buying a Second Home—Tax Tips for Homeowners Video: Deducting Mortgage Interest and Property Tax Home Improvements and Your Taxes Deducting Mortgage Interest FAQs Can You Still Take the First-Time Homebuyer Credit? About Tax Deductions for a Mortgage Video: The 2010 Energy Tax Credit Tax Breaks and Home Ownership What Is the IRS Form 5405? Conserve Energy, Save Money with Larger Credits How Short Sales and Foreclosures Affect Your Taxes 10 Energy-Related Home Improvements You Can Make Today Homebuyer Tax Credit: 7 Surprising Facts Video: Federal Tax Credit for Solar Energy Paying Property Taxes Online Video: Tax Tips for Paying Property Taxes Online Are Home Interest Loans Deductible From Taxes? Federal Tax Deductions for Home Renovation Tax Law for Selling Real Estate How to Deduct Mortgage Points on Your Tax Return What Are Energy Tax Credits? Tax Tips for Short Sales What is IRS Form 8859: Carryforward of D.C. First-Time Homebuyer Credit What are the Tax Implications of Involuntary Conversions? 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 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?

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