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Tax Law for Selling Real Estate
If you live in a house for two of the previous five years, you owe little or no taxes on its sale. Knowing the tax laws can make a considerable difference in the tax picture when you sell a building, whether it’s your residence or a property that was previously your residence. Read more…

Home Foreclosure: What's Your Tax Liability?
Through 2025, exceptions to federal tax laws allow some homeowners to escape additional tax liability when going through foreclosure. 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…

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…


More Home Ownership Articles

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

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