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Tax Deductible Home Improvements for 2017

As a homeowner you might be asking yourself if there are any tax breaks for all the money you spent improving your home. The answer could be yes or no. Either way, you will need to track your expenses for any home improvement.

Once you make a home improvement, like putting in central air conditioning, … Read the rest


The Home Loan Mortgage Interest Tax Deduction

The federal government motivates you to buy a house by permitting the deduction of home loan interest. Although extra standards are present, just the interest you actually pay out throughout the year is entitled to a reduction in taxes.

Should you make a past due home loan payment in the next income tax year, you … Read the rest