Tax Deductions for Homeowners

Learn about the many tax benefits of owning your own home.

Real Estate Tax Impact of Supreme Court's DOMA Decision on Same-Sex Married Homeowners

Learn about real estate tax benefits for married same-sex couples.

The Home Office Tax Deduction

Running a business from home can help you lower your tax bill.

When Home Mortgage Interest Is Not Tax Deductible

The home mortgage deduction is one of the most popular in the entire tax code.

Tax Implications of Reverse Mortgages

As far as taxes go, there are pros and cons to reverse mortgages.

Tax Credits for Restoring Old or Historic Buildings

Learn about the tax credits available if you spiff up an historic building.

Tax Reasons to Keep Good Records of Home Improvements

"Basis" is an important tax word that every homeowner should know. It simply means the monetary value of a property for tax purposes.

IRS Rules on Real Property Sales to Relatives

Tax issues when you sell a house to (or buy from) a relative

Sales Tax Due When You Rent Out Your Vacation Home

Most states require people who rent out their vacation homes to charge and collect state sales or lodging taxes on the income they earn from short-term rentals.

Are Home Repairs Tax Deductible?

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

What Home Improvements Are Tax Deductible?

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

Determining Your Home's Tax Basis

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

Can You Take a Theft Deduction for Building Contractor Fraud?

Know your rights when an underinsured contractor fails to complete remodeling work.

Tax Issues When Renting Out a Room in Your House

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

Deducting Your Property Taxes

Learn what you can include in your property tax deduction.

Deducting Casualty Losses

Casualty losses are deductible but can be hard to claim.

Residential Energy Credit--Tax Savings for Installing Alternative Energy in Your Home

Find out how to save on taxes when you install solar panels or other energy saving alternatives.

Home Expenses That Are Not Deductible

While there are a lot of tax advantages to home ownership, make sure you know which costs are not deductible.

Taxes When Your Mortgage Debt is Forgiven

Ten things the IRS says you need to understand about mortgage debt forgiveness related to foreclosures, refinancings, and short sales.

Rent Your Vacation Home Tax-Free

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

Canceled Mortgage Debt: What Happens at Tax Time?

The Mortgage Forgiveness Debt Relief Act gives some taxpayers a break.

Can Co-op Owners Deduct Casualty Losses?

Co-op owners can deduct shared casualty losses for common areas. Find out how and why.

Deducting Medical Home Improvements

You can deduct certain home improvements if their main purpose is medical care for you, your spouse, or your dependents.

Lender Paid My Property Taxes--How Much Will It Cost Me to Undo This?

Deep in the language of your mortgage contract, you may find a clause allowing your lender to pay your property taxes when you've failed to do so, and then claim reimbursement.

Should You Challenge Your Property Tax Assessment in Pennsylvania?

Homeowners in Pennsylvania must pay property tax each year to the local taxing authorities. The date when payment is due varies, depending on the county where you live.

Should You Challenge Your Property Tax Assessment in New Jersey?

Homeowners in New Jersey must pay property tax each year to the local taxing authorities. The tax is due in installments on February 1, May 1, August 1, and November 1.

Should You Challenge Your Property Tax Assessment in Illinois?

Homeowners in Illinois must pay property tax each year to the local taxing authorities.