9 EASY MISTAKES HOMEOWNERS MAKE ON THEIR TAXES

Dated: 02/19/2015

Views: 664

As you calculate your tax returns, consider each home tax deduction and credit you are - and are not - entitled to.  Running afoul of any of these nine home-related tax mistakes - which tax pros say are especially common -- can cost you money or draw the IRS to your doorstep.

  1. Deducting the wrong year for property taxes

  2. Confusing escrow amount for actual taxes paid

  3. Deducting points paid to refinance

  4. Misjudging the home office tax deduction

  5. Failing to repay the first-time home buyer tax credit

  6. Failing to track home-related expenses

  7. Forgetting to keep track of capital gains

  8. Filling incorrectly for energy tax credits

  9. Claiming too much for the mortgage interest tax deduction 


If you need more information about this article, please go: http://www.trinitytitletx.com/trinity-daily/9-easy-mistakes-homeowners-make-on-their-taxes/


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Sharon Miller

Sharon is a military wife who moved at the direction of the U.S. Army for nearly 30 years, a Federal employee who retired after 30 years of service, an active Broker Associate/REALTOR in San Antonio w....

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