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∙ 11y ago
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Which of these items is a tax deduction?
interest on a home mortgage
Can you take a tax deduction on a home office if you rent?
Yes
Is home equity tax-deductible?
The equity in your home is not a tax deduction. The interest paid to banks for a home equity line of credit or loan may be tax deductible.
When you place your home in an irrevocable trust who pays the property tax?
The Trust does and it becomes a deduction on the Trust's tax return.
Can senior citizen home owner file taxes on home repair when there is no mortgage?
Whether there is a mortgage or not, home repairs are generally not a tax deduction. CERTAIN home repairs for improving energy efficiency of a home (insulation, better windows, etc) MAY be eligible for a tax credit (better than a deduction). However, you really need a tax advisor.
What is an advantage of home ownership?
You Reap Mortgage Tax Deduction Benefits. Mortgage deduction: The tax code allows homeowners to deduct the mortgage interest from their tax obligations. For many people, this is a huge deduction since interest payments can be the largest component of your mortgage payment in the early years of owning a home need more find here in Florida or website unitedcounselors.org
Is a rainbow vacuum a medical tax deduction?
No, a rainbow vacuum is not a medical tax deduction.
Java code for tax deduction in database connection?
Java code for tax deduction in database connection?
Is there a medicare tax deduction?
No
Are cats a tax deduction?
Pets are not tax deductions.
IRS asking for proof of home improvements?
I am going to assume you mean "Why is the IRS asking for proof of home improvements?" You must have claimed a deduction for home improvements on a prior tax return. The IRS is asking for verification of the amount of deduction you claimed.
Are settlement charges to borrower a tax deduction?
On settlement statement from HUD there is a settlement charge. Is this entire charge a tax deduction?
