How to Lower Your Property Taxes

More middle income Americans will be hit with the change in limited SALT tax deductions on federal income tax returns than realize it. SALT – State and Local Taxes is a federal tax

Tax Deductibles for Real Estate Agents, Brokers, and Investors

It’s part-way through the year, have you been keeping track of your business expenses? Real estate agents, brokers, and investors are urged to keep a running expense sheet.

Renter Tax Deduction What You Need to Know

According to a 2015 Harvard University study, about 37 percent of the U.S. households are renters. Rep. Alan Grayson from Florida thinks the tax deduction field should be leveled between owners and renters. He has proposed a bill that would allow tax deductions for renters. Of course, the deductions will vary by income levels but as

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Top 10 Income Tax Deductions for Primary Residences

As a whole, the tax deductions for homeowners remain largely unchanged for the 2013 tax year. However, if Congress doesn’t act, many of these will expire for the 2014 tax year. Disclaimer: This is only general information about tax law. If you have questions or unusual circumstances, you need to seek out the advice of

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What You Thought You Knew About The Tax Benefits of Owning A Home

When you add in financing costs, home ownership can certainly take a bite out of your budget. You may believe that the tax benefits of owning your own home will counter the costs you will incur, and to a certain extent your costs will be reimbursed, however you might be surprised at just what you can expect in terms of tax credits and/or deductions.

Taking Advantage of 2011 Eco-Friendly Tax Incentives

It’s that time of year when working professionals, homeowners, and everyone in between start focusing on various tax deductions and what tax write-offs are available to save you the most money possible. If you haven’t filed your taxes yet and you’ve made the savvy investment of transforming your home or condo into a modern, eco-friendly residence, there are a variety of 2011 energy credits that will reduce the amount you’ll pay in year-ending taxes.

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