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Home Tax Shelter

 

Home Sweet Home… Your greatest tax shelter.

 

Did you know that homeownership can be a great tool for making sure you aren’t paying more than you should in taxes? When it comes to holding on to your money, a little bit of research and information can go a long way. That’s why it is important to have some understanding of how owning a home affects your tax returns.

 

For my client appreciation program, I am sending you information on some of the tax advantages of home ownership.

 

1 Write off Mortgage Interest

 

2 Pay no income taxes on most home sales

 

3 Home improvements for health reasons are partially deductible

 

4 Write off interest on home equity loans

 

5 Home office deductions for qualified owners

 

6 Moving costs deductible

 

7 Deduct land lease payments

 

8 Write off property taxes

Others who have viewed this page also viewed these pages:

• Establish a Credit History - What you can do to increase your chances of being approved for a credit mortgage.
• IRS Tax Lien Appeal.htm - How to file an appeal of an IRS tax lien.
• What is a tax lien? - You should know certain things if you receive a tax lien.

 

RMCN Credit Services

1611 Wilmeth Road, Suite B

McKinney TX 75069

(972) 529-0900 Office (972) 562-0225 Fax

Toll Free (888) 4-MY-REPAIR

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