home tax deductions and exclusions

Accelerate Your Property Tax Payment Into 2017

Accelerate Your Property Tax Payment Into 2017

Accelerating deductible expenses, such as property tax on your home, into the current year typically is a good idea. Why? It will defer tax, which usually is beneficial. Prepaying property tax may be especially beneficial this year, because proposed tax legislation might reduce or eliminate the benefit of the property

Sonya Foster2021-04-12T14:57:10-06:00December 12th, 2017|

Saving Tax with Home-Related Deductions and Exclusions

Saving Tax with Home-Related Deductions and Exclusions

Currently, home ownership comes with many tax-saving opportunities. Consider both deductions and exclusions for tax planning in 2017 and if you have not filed your 2016 return yet: Property tax deduction. Property tax is generally fully deductible — unless you’re subject to the alternative minimum tax (AMT). Mortgage interest deduction.

Sonya Foster2021-04-12T14:58:05-06:00April 25th, 2017|