Taxes for Homeowners

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

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

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

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

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

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

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.

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

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

How much benefit can taxpayers gain when it comes to deducting mortgage interest?

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

The Tax Cuts and Jobs Act eliminated personal casualty and theft losses except for those related to a presidentially declared disaster.

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

Learn what you can include in your property tax deduction.

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

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

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

Ready to make your home more energy efficient? The tax law offers tax credits that can help defray the cost.

Homeowners in Pennsylvania must pay property tax each year to the local taxing authorities. But has your house been assessed at more than is appropriate?

Homeowners in New Jersey who feel their property is too heavily taxed have a potential remedy.

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

Homeowners in Michigan must pay property tax each year to the local taxing authorities, but should examine whether the tax amount is based on accurate figures and valuations.

Homeowners in Texas must pay property tax each year to the local taxing authorities. Learn whether you’re eligible to bring down your tax bill.