Skip To Main Content
  1. TurboTax /
  2. Tax Calculators & Tips /
  3. Tax Tips Guides & Videos /
  5. Home Ownership

Home Ownership Tax Tips

Subscribe and receive all Home Ownership
tax guides via RSS

Recent Articles

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…

Buying Your First Home
Buying your first home is a huge step, but tax deductions available to you as a homeowner can reduce your tax bill. Read more…

Buying a Second Home—Tax Tips for Homeowners
Buying a second home? TurboTax shows you how mortgage interest, property taxes, rental income, and expenses will affect your tax return. Read more…

What is IRS Form 8859: Carryforward of D.C. First-Time Homebuyer Credit
Form 8859 is a tax form that will never be used by the majority of taxpayers. However, if you live in the District of Columbia (D.C.), it could be the key to saving thousands of dollars on your taxes. While many first-time home purchasers in D.C. are entitled to a federal tax credit, Form 8859 calculates the amount of carry-forward credit you can use in future years, not the amount of your initial tax credit. Read more…

Deducting Mortgage Interest FAQs
If you're a homeowner, you probably qualify for a deduction on your home mortgage interest. The tax deduction also applies if you pay interest on a condominium, cooperative, mobile home, boat or recreational vehicle used as a residence. Read more…

More Home Ownership Articles

How Short Sales and Foreclosures Affect Your Taxes Video: Home Repairs and Tax Deductions Video: Deducting Mortgage Interest and Property Tax About Tax Deductions for a Mortgage What Are Personal Property Taxes? How to Estimate Property Taxes Mortgage Refinance Tax Deductions Federal Tax Deductions for Home Renovation How to Deduct Mortgage Points on Your Tax Return Tax Breaks and Home Ownership Home Foreclosure: What's Your Tax Liability? Tax Tips for Foreclosures Can You Claim a Boat or RV as a Primary Residence? Video: Can We File Two Primary Residences if Filing a Joint Tax Return? What are the Tax Implications of Involuntary Conversions? Tax Aspects of Home Ownership: Selling a Home How to Avoid Taxes on Canceled Mortgage Debt Home Ownership Tax Deductions Video: Learn about the First-Time Homebuyer's Credit Homebuyer Tax Credit: 7 Surprising Facts 10 Energy-Related Home Improvements You Can Make Today Energy Tax Credit: Which Home Improvements Qualify? Real Estate Tax Tips for the Owner of Record Video: Guide to Short Sales, Foreclosures and Your Taxes Video: Tax Tips for Paying Property Taxes Online Are Home Interest Loans Deductible From Taxes? Home Improvements and Your Taxes 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? Deducting Health Insurance Premiums If You're Self-Employed Video: The 2010 Energy Tax Credit Video: What Are Energy Tax Credits? Video: Federal Tax Credit for Solar Energy What Are Energy Tax Credits? Federal Tax Credit for Solar Energy Video: Federal Tax Deductions for Home Renovation What Is the IRS Form 5405? What Are Home Renovation Tax Credits? Tax Law for Selling Real Estate Paying Property Taxes Online Tax Tips for Short Sales Guide to 1098 Tax Forms Tax Deductions for Rental Property Depreciation Tax Deductions for Conservation Easements of Property Real Estate Tax Tips: Owning Property as a Tenancy in Common Video: Tax Deductions When Buying or Selling a Home Video: Renting vs Buying a Home: Tax Breaks You Should Know
TurboTax Blog »

Get tax tips and tricks, from quick fixes to long term strategies.

Ready to try TurboTax?

Start for Free

  • Your security.
    Built into everything we do.

    Here's how

  • TurboTax has tax reform covered,
    file now!

    Learn more

* Important Offer Details and Disclosures

  • TURBOTAX ONLINE/MOBILE

  • Try for Free/Pay When You File: TurboTax online and mobile pricing is based on your tax situation and varies by product. Absolute Zero $0 federal (forms 1040EZ/1040A) + $0 state limited time offer only available with TurboTax Free Edition; offer may change or end at any time without notice. Actual prices are determined at the time of print or e-file and are subject to change without notice. Savings and price comparisons based on anticipated price increase. Special discount offers may not be valid for mobile in-app purchases.
  • QuickBooks Self-Employed Offer with TurboTax Self-Employed and TurboTax Live for Extension Filers: To receive your complimentary subscription to QuickBooks Self-Employed through 10/31/19, you must pay for your 2017 TurboTax Self-Employed or TurboTax Live return between 4/18/18 and 10/15/18 and sign-in and access your QuickBooks Self-Employed account via mobile app or at https://selfemployed.intuit.com/turbotax at least twice by 12/31/18. You will have the option of renewing your QuickBooks Self-Employed subscription by 10/31/19 for another year at the then-current subscription rate. You may cancel your subscription at any time from within the QuickBooks Self-Employed billing section. See QuickBooks.com for price comparison. Offer not valid for existing QuickBooks Self-Employed subscribers already on a paid subscription.
  • Pays for itself (TurboTax Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate (15.3%) for tax year 2017. Actual results will vary based on your tax situation.
  • Anytime, anywhere: Internet access required; standard data rates apply to download and use mobile app.
  • Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary.
  • Pay for TurboTax out of your federal refund: A $X.XX Refund Processing Service fee applies to this payment method. Prices are subject to change without notice.
  • TurboTax Help and Support: Access to a TurboTax specialist is included with TurboTax Deluxe, Premier, Self-Employed and TurboTax Live; not included with Free Edition (but is available as an upgrade). TurboTax specialists are available to provide general customer help and support using the TurboTax product. SmartLook on-screen help is available on a PC, laptop or the TurboTax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice.
  • Tax Advice, Expert Review and TurboTax Live: Access to tax advice and Expert Review (the ability to have a Tax Expert review and/or sign your tax return) is included with TurboTax Live or as an upgrade from another version, and available through October 15, 2018. These services are provided only by credentialed CPAs, EAs or tax attorneys. State tax advice is free. Some tax topics or situations may not be included as part of this service, which shall be determined in the tax expert’s sole discretion. In the event your return is reviewed by a tax expert and requires a significant level of tax advice or actual preparation, the tax expert may be required to sign your return as the preparer at which point they will assume primary responsibility for the preparation of your return. Expert Review [and TurboTax Live] not available on the TurboTax mobile app or when using a web browser on your mobile phone. On-screen help is available on a PC, laptop or the TurboTax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary, and are subject to restriction and change without notice.
  • Tax Return Access and My Docs features: Included with TurboTax Deluxe, Premier, Self-Employed, TurboTax Live or with PLUS benefits. Access to all tax-related documents we have on file for you is available through 10/31/2019. Terms and conditions may vary and are subject to change without notice.
  • #1 best-selling tax software: Based on aggregated sales data for all tax year 2016 TurboTax products.
  • Most Popular: TurboTax Deluxe is our most popular product among TurboTax Online users with more complex tax situations.
  • CompleteCheck: Covered under the TurboTax accurate calculations and maximum refund guarantees.
  • #1 rated online tax prep provider: Based on independent comparison of the best online tax software by TopTenReviews.com March 13, 2017.
  • Get tips based on your tax and credit data to help get you to where you want to be: Tax and credit data accessed upon your consent.

  • TURBOTAX CD/DOWNLOAD SOFTWARE

  • TurboTax CD/Download products: Price includes tax preparation and printing of federal tax returns and free federal e-file of up to 5 federal tax returns. Additional fees apply for e-filing state returns. E-file fees do not apply to New York state returns. Savings and price comparison based on anticipated price increase. Prices subject to change without notice.
  • Fastest refund possible: Fastest tax refund with e-file and direct deposit; tax refund time frames will vary.
  • Pay for TurboTax out of your federal refund: A $X.XX Refund Processing Service fee applies to this payment method. Prices are subject to change without notice. This benefit is available with TurboTax Federal products except TurboTax Business.
  • About our TurboTax Product Experts: Customer service and product support vary by time of year.
  • About our credentialed tax experts: Live tax advice via phone is included with Premier and Home & Business; fees apply for Basic and Deluxe customers. State tax advice is free. Service, experience levels, hours of operation and availability vary, and are subject to restriction and change without notice. Not available for TurboTax Business customers.
  • #1 best-selling tax software: Based on aggregated sales data for all tax year 2016 TurboTax products.
  • Data Import: Imports financial data from participating companies; may require a free Intuit online account. Quicken and QuickBooks import not available with TurboTax installed on a Mac. Imports from Quicken (2016 and higher) and QuickBooks Desktop (2012 and higher); both Windows only. Quicken import not available for TurboTax Business. Quicken products provided by Quicken Inc., Quicken import subject to change.
About
Online Software Products
CD/Download Products
Mobile Tax Apps
Help and Support
Tax Tools and Tips
Social
More Products from Intuit