- Legitimate tax strategies any homeowner can use to save on taxes
- Written by a down-to-earth tax expert–so you can easily understand the tax tips presented
Beyond the garden-variety deductions for mortgage interest and real estate taxes, J.K. Lasser’s™ Homeowner’s Tax Breaks reveals a treasure chest of tax breaks that any homeowner can use. These include such little-known breaks as getting tax-free rent from a short-term home rental, using the generous $250,000/$500,000 home sale exclusion to shelter gain from the sale of other real estate, and pocketing tax-free mortgage proceeds when trading up to a more expensive home.
J.K. Lasser’s™ Homeowner’s Tax Breaks provides a lively, concise, and plain-English explanation of tax rules for homeowners and a discussion of how these rules can be turned to your tax advantage and financial benefit.
Critical coverage will show you how to:
- Make your credit card and car loan interest deductible
- Boost the amount of your casualty loss deductions
- Get deductions for household expenses when you have a home office
- Write off home office equipment such as computers and printers
- Make commuting costs from home deductible
- Create tax-free income from renovating your home and selling it at a profit
- Make your home a retirement nest egg that generates tax-free income from trading down or a reverse mortgage
J.K. Lasser–Practical Guides for All Your Financial Needs
