Tag Archives: tax deadline

Money Monday: Tax Deductions for Homeowners

With the tax deadline coming up, now is the time to refresh yourself and learn about tax breaks you could be getting if you are a homeowner.

Some of the following tax deductions are only applicable to new homeowners, but there are a few that any owner can file for:

  1. Mortgage interest
  2. Mortgage insurance premiums
  3. Energy related tax credits
  4. Capital gains exclusion
  5. Property inheritance
  6. Property taxes
  7. Home office costs
  8. Moving expenses

If you would like details on these potential tax breaks you could be getting, read Yahoo’s article here.

Money Monday: Why you should file taxes earlier

Yes, the tax filing deadline of April 18th is a ways off still, but there are some good reasons not to wait until the last minute.

  1. You’ll have time to look into the new changes for the tax laws.
  2. You’ll probably get your refund faster.
  3. You’ll protect yourself from tax fraud.

Read Forbes’ full article on why you should file for taxes early.