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Home Ownership Tax Tips

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Recent Articles

Home Ownership Tax Deductions
You know that you can get an income tax deduction on the mortgage interest you pay. But there are other tax deductions you can take on your principal residence or second home -- such as property taxes. Read more…

Deducting Health Insurance Premiums If You're Self-Employed
Most self-employed taxpayers can deduct health insurance premiums, including age-based premiums for long-term care coverage. Write-offs are available whether or not you itemize, if you meet the requirements. Read more…

Tax Deductions for Rental Property Depreciation
When you rent property to others, you must report the rent as income on your taxes. But you can deduct, or subtract, your rental expenses—the money you spent in your role as the person renting out the property—from that rental income, reducing your tax obligation. Many expenses can be deducted in the year you spend the money, but depreciation is different. Read more…

Mortgage Refinance Tax Deductions
When refinancing a mortgage to get a lower interest rate or obtain more favorable loan terms, you're really just taking out a new loan and using the money to pay off your existing home loan. In general, the same tax deductions are available when you're refinancing a mortgage as when you're taking out a mortgage to buy a home. Read more…

Property Management Tax Deductions
Becoming a residential landlord or owning a commercial property comes with new tax responsibilities. Learn about property management tax deductions and how to handle your new tax situation. Read more…

More Home Ownership Articles

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

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