Tax and Home Records Checklist: What to Keep and For How Long

By: Dona DeZube Want to purge your records — and rest assured you have all the documents you need when you need them? Read on. Unless you’re living in the 123-room Spelling Manor, you probably don’t have space to store massive amounts of tax and insurance paperwork, warranties, and repair receipts related to your home. […]

Are Mortgage Points Tax Deductible?

By: Dona DeZube Published: November 17, 2014 When you took out a mortgage to buy your home, did you pay points? You may be able to deduct that prepaid interest on your federal tax return — but only if you meet a long list of rules. The points you paid when you signed a mortgage […]

9 Easy Mistakes Homeowners Make on Their Taxes

By: G. M. Filisko Published: January 5, 2015 Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit. 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 […]

Tax and Home Records Checklist: What to Keep and For How Long

By: Dona DeZube Published: October 1, 2014 Want to rest assured you have all the documents you need when you need them, but not be awash in paper? Read on. Unless you’re living in the 123-room Spelling Manor, you probably don’t have space to store massive amounts of tax and insurance paperwork, warranties, and repair […]

A Financial Plan for Your Home

By: Richard Koreto Published: December 31, 2012 Your home is probably your biggest investment. To manage it, create a financial plan that takes into account repairs, upgrades, mortgages, insurance, and taxes. Do you pay each home-related expense as it comes? If so, you’re missing opportunities for upgrades, or much worse, heading into a financial crisis […]

Your Top Homeownership Tax Questions Answered

By: Natasha Padgitt Published: January 5, 2015 Which tax benefits do homeowners miss? Will you get audited if you take the home office deduction? Find out the answers to these questions and more before Tax Day. There are a lot of homeownership tax benefits — if you don’t forget to take them. To make sure […]