The Tax Benefit of Selling Your Home
The tax advantages of buying and owning a home are well known, but what happens when you sell? Read on to learn about the tax benefit you may accrue when you sell your house. Rules affecting capital gains taxes Most tax benefits available for home sellers relate to how any profit, or capital gain, you […]
Tax Benefits of Homeownership
For most people, their home is their biggest investment — and their biggest tax benefits. As always, it’s best to consult your tax adviser for specific information, but let’s walk through the most common, basic tax savings of homeownership. Income Tax Savings When you file your federal income taxes each year, you are allowed to […]