Your home provides many tax benefits -- from the time you buy it right on through when you decide to sell: You can deduct property taxes, mortgage interest, home improvement and equity loan interest, and points. And when you move, you can deduct the costs of the sale and of capital improvements, as well as moving costs, under some circumstances.
New laws in the past few years have brought several new tax breaks for homeowners and taken one away. These tax breaks are not available to all homeowners, some are temporary, and one is really a loan you'll have to pay back. Read on to learn more and determine whether any of these tax breaks are available to you.
One of the bad things about owning a home is that you'll have to pay various state and local taxes that people who aren't homeowners are not required to pay. However, one of the good things about owning a home is that you are allowed to deduct many of these taxes from your income taxes. Here's an overview
Many people rent out their vacation homes on a short-term basis. Websites like homeaway.com or airbnb.com can make renting your vacation home a very easy process. However, you might be surprised to learn that most states require people who rent out their vacation homes to charge and collect state
Fraud by building contractors is a distressingly common occurrence. How's this for a nightmare scenario: You agree to pay a contractor $400,000 to tear down part of your house and put on an addition. While the work is going on, you, your spouse, and five children stay with your wife's parents. The contractor