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Ways Homeowners Can Save Money Through Taxes

Despite what some in the media and politics say, owning a home is still a great way to collect benefits through taxes. Regardless of your home-owning history, or lack thereof, the IRS has a list full of deductions which can save you money, which can make your investment much more favorable to renting. If a family […]

Posted in Deductions |

Tax breaks for Catastrophic Losses

Many people in Hurricane Sandy’s wake have lost thousands of dollars worth of property, if not more. However, these people can expect some relief from the IRS. Victims of catastrophic loss are eligible for a tax deduction for property loss that was “sudden, unexpected, or unusual.” This deduction applies to all U.S. taxpayers, not just […]

Posted in Deductions |
 
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