Found 1 blog entry tagged as tax time.

Tax Day is only weeks away and if you haven’t filed your taxes yet you’re in luck because there are tax deductions you can take advantage of which will lower your taxes.

Mortgage Interest Deduction

If you purchased your home before December 15th of last year, you can still deduct all of the interest on your mortgage loan up to $1Million dollars.

The mortgage interest deduction will still be available to anyone who buys a home this year but the deductible is going to be capped at just $750,000.

Property Tax Deductions

Although some people have said that property tax deductions have gone, the reality is that you can still deduct your property taxes but they are capped at $10,000 for the year.

Home Office Deduction

Do you have a…

907 Views, 0 Comments