Archive for 'Capital Gains'
What Expenses Related to Owning a Home Are Deductible?
First, mortgage interest on loans up to $1 million is completely deductible for the year in which you pay it to buy, build or improve your principal residence plus a second home. You can also deduct points you pay to refinance your home - over the life of the loan. You can deduct points paid [...]
Posted: October 7th, 2008 under Capital Gains, Loans, Money, Personal Finance.
Tags: 1 Million, Capital Gains Taxes, First Mortgage, Irs Site, Irs Web Site, Loans, Married Couples, Money, Mortgage Interest, Mortgage Loans, Msn Money, Owning A Home, Principal Residence, Publication 523, Refinance, Selling Your Home, Site Msn, Web Money
Comments: 1
Capital Gains And Your Home Sale
What’s the best tax break available to Jane and John Q. Public? If they’re homeowners, it’s selling their house.
Homeowners already know the many tax breaks that Uncle Sam offers, most notably mortgage interest and property tax deductions. Well, he also has good tax news for home sellers: Most of them won’t owe the Internal [...]
Posted: January 20th, 2008 under Capital Gains, Money, Personal Finance, Property Tax Relief, Real Estate, Tax Law.
Tags: Capital Gains Taxes, Home Sellers, Internal Revenue Service, Jane And John, John Q, John Q Public, Mortgage Interest, Paying Taxes, Property Tax Deductions, Residential Sales, Ria, Tax Analyst, Tax Burden, Tax Exemption, Tax Information, Tax News, Tax Paperwork, Tax Professionals, Taxable Gain, Taxpayer Relief Act, Taxpayer Relief Act Of 1997
Comments: none