9 Easy Mistakes Homeowners Make on Their Taxes

As you calculate your tax returns, be careful not to commit any of these nine home-related tax mistakes, which tax pros say are especially common and can cost you money or draw the IRS to your doorstep. #1 Deducting the Wrong Year for Property Taxes You take a tax deduction for property taxes in the.. read more →

How to DIY Your Taxes — and Not Miss a Single Deduction

Ready or not, the tax man’s coming. Filing your taxes yourself may not be your idea of a fun night at home, but even so, it doesn’t really have to be that bad. Yes, even if you own a home. Even if you itemize your deductions. Even if you’re scared of making a mistake. We.. read more →

4 Dangers You Face If You Don’t Back Up Your Income Tax Documents

Do you know what important documents to keep and why? You risk wasting money and time if you don’t back up your income tax records. Millions of Americans will remember to do their taxes juuust in time to sprint to the April 15 finish, fists stuffed with W2s and receipts. But if you’re a homeowner,.. read more →

Tax Season: What New Homeowners Can Expect

No one wants to think about government paperwork, especially when your hand still aches from signing the 977 forms required to buy your first house? But listen up: As a new homeowner, you can typically wave bye-bye to the 1040-EZ form and say hi to itemizing your deductions on Schedule A. That means you can combine.. read more →

Should You Look for Your First House Or Keep Renting?

Tired of working so hard just to build your landlord’s equity instead of your own? Been dreaming about paint swatches and obsessing over Pinterest projects? Making that leap from renting to owning a home comes with many perks — both financial and emotional. And even though home ownership comes with great responsibility, you might be.. read more →

Are You Getting the Home Tax Deductions You’re Entitled To?

Here are the tax tips you need to get a jump on your returns. Owning a home can pay off at tax time. Take advantage of these home ownership-related tax deductions and strategies to lower your tax bill: Mortgage Interest Deduction One of the neatest deductions itemizing homeowners can take advantage of is the mortgage.. read more →

Your Top Homeownership Tax Questions Answered

There are a lot of homeownership tax benefits — if you don’t forget to take them. To make sure you get your due, HouseLogic asked tax expert Abe Schneier, a former senior technical manager with the American Institute of CPAs, for tax-filing tips. HouseLogic: What’s the most common home-related tax deduction or credit claimed by.. read more →

How Much Home Can Your Lifestyle Afford?

If you’re considering purchasing a home, you’ve likely already considered how much you have available for a down payment, what an ideal mortgage payment would be, and how much home you can actually afford based on your monthly income. But what about your lifestyle? Have you considered how much wiggle room you need to leave.. read more →

Top 5 Tips to Keep Your Home Sale from Falling Apart

Finding a buyer for your home is just the first step on the homeselling path. Tread carefully in the weeks ahead because if you make one of these common seller mistakes, your deal may not close. Mistake #1: Ignore Contingencies If your contract requires you to do something before the sale, do it. If the.. read more →

What to Do a Year Before Buying Your First Home

The ultimate timeline ensures the smoothest of transitions to home ownership. A real yard. Closets bigger than your average microwave. The freedom to decorate however you darn well please! Making the switch from renting to owning is exhilarating, but many rookie homebuyers find the process trickier to navigate than they expected. This is why we.. read more →

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