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9 EASY MISTAKES HOMEOWNERS MAKE ON THEIR TAXES
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.
Deducting the wrong year for property taxes
Confusing escrow amount for actual taxes paid
Deducting points paid to refinance
Misjudging the home office tax deduction
Failing to repay the first-time home buyer tax credit
Failing to track home-related expenses
Forgetting to keep track of capital gains
Filling incorrectly for energy tax credits
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/
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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