Home Improvements and Taxes: What You Can (and Can’t) Deduct For any renovation or repair to qualify for a tax deduction, the work must qualify under IRS rules as a home (or capital) improvement. Examples of projects that may...
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How to Avoid Tax Pitfalls With Your Vacation Rental Property Purchasing a vacation home and renting it when you are not using it is an excellent way to help finance the property. However, the tax aspects of renting your...
Have you ever daydreamed about how nice it would be to own a house in the woods or along the shore? Here are some financial pointers to consider if owning a vacation home is on your bucket list. Are...
Your Home Sale and Capital Gains Let’s start with the basics: What is capital gains tax? It is a type of tax on profits earned from the sale of assets like stock or real estate. When these are sold...
Home Improvement Energy Tax Credits When you replace old doors and windows, install solar panels, or upgrade a hot water heater, you reduce your energy bills. But the cost of making these energy-efficient improvements can be daunting. That’s where...
Rent-To-Own: How To Do It Owning a home is not the right choice for everyone. Do you like a maintenance-free lifestyle and enjoy the freedom of moving around the country? Then renting might be the smarter choice. But owning...