It's almost time to pay the Piper. And by the Piper I mean the Internal Revenue Service (IRS). However, if you've been fortunate enough to purchase a home these are three potential tax write offs that could save you HUNDREDS, if not THOUSANDS, of dollars on your tax bill.
The following are 3 of my favorite tax savings for homeowners:
1. The mortgage interest deduction.
2. The property tax/homeowner's insurance deduction.
3. The home office deduction (for you entrepreneurs).
Check out the video below for more information.
**Disclaimer: Keith Stone, is not a Certified Public Accountant**
If you are willing to itemize your deductions, and keep excellent records, this can be ideal for your bottom line. You home can do much more for you than just grow in equity.
If you have questions, or you'd like to know more about how your home can help grow your wealth, please feel free to contact me at 214-799-0019. And if you found this info helpful, please feel free to share it with someone that it may help.
