Tax Breaks for Homeowners -- Got Yours?
*You can deduct many home-related expenses, and these tax breaks are available for any type of home; mobile home, single family home, condo, etc.
*The bad news is that your taxes will become much more complicated when you file.
*ALL Mortgage Interest paid is deductible unless your loan amount is over 1 million
*Did you pull out extra cash from financing or did you get a home equity loan or line of credit? Generally, these are all deductible up to $100,000
*Do you own multiple homes? Mortgage Interest on a second home is also fully deductible.
For more tax related info, visit the link provided at CNBC
No comments:
Post a Comment