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Can I ever get a tax benefit out of all the money I’ve spent fixing up my house?
You generally can't deduct the cost of a new roof (or any other home improvement) in the year when you spend the money. But if you keep track of those expenses, they will help you reduce your...
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If you own a vacation home, you'll be glad to learn that there are a variety of tax breaks to offset your costs of ownership.
Getting away to a vacation home is a great way to relax and enjoy the beach, the mountains, or the wide open spaces, but there's another advantage:...
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Can I deduct the interest I am paying on my home equity loan?
When you tap into your home equity by taking out a loan or setting up a line of credit for $100,000* or less, the interest is almost always tax deductible.
But use caution with these loans. In theory, they’re...
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When can I deduct the points I paid when I took out my mortgage?
When you buy a house, you often have to pay points to the lender, in order to get your mortgage. Each point equals 1% of the loan balance. Points can usually be deducted, because they are considered a...
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With interest rates hitting 40-year lows recently, mortgage refinancing is more popular than ever. For most people, the tax consequences of refinancing are straightforward; you get to deduct the interest you pay on the new loan, just as you did with the loan which was...
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If you made money selling your house, you'll be pleased to know that you can exclude some or all of that capital gain from your income, when filling out your tax return. That little exclusion can save you a lot of money in taxes. (If you sold for a loss, though, you cannot...
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Visit our guide to find helpful links to home loans and mortgages.
Go to: newhomeloans101.com
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Compare!
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Go to: areaconnect.com
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Check Free Online Encyclopedia for information about home improvement loans. Over 3 million articles on any topic.
Go to: thefreedictionary.com
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