Homeowner Deductions and Credits

Your tax basis in your home will be a key factor in calculating your tax gain or loss when you sell your home.

Find out about the Medicare tax on unearned income.

Losses on personal residence sales are not deductible unless you have converted the property to a rental.

Here's how the property tax deduction works.

The home mortgage deduction was one of the most popular in the entire tax code, but only a few can currently benefit from it.

Some taxpayers who've had mortgage debt cancellation can exclude the forgiven amount from their income for federal tax purposes.

Home improvements can provide certain tax benefits although not tax deductions.

Home repairs are not deductible but home improvements are. It pays to know the difference.

Suddenness is the hallmark of a casualty loss. Find out what type of events qualify.

This often overly exception for short-term rentals can provide a real windfall if you own a vacation home in a desirable location.

Find out what tax deductions you can get for renting a room in your home.