Here are some great tips that you can use for your current and past client newsletters or updates. Also good thoughts for your own finances as well.

Michelle Nantz's Blog

Your Top Home Ownership Tax Questions Answered

By: Natasha Padgitt

Published: December 31, 2012

Tax Time At Lake Norman

Which tax benefits do home owners miss? Will you get audited if you take the home office deduction? Find out the answers to these questions and more before Tax Day.

There are a lot of home ownership tax benefits — if you don’t forget to take them. To make sure you get your due, HouseLogic asked tax expert Abe Schneier, a senior technical manager with the American Institute of CPAs, for tax-filing tips.

HouseLogic: What’s the most common home-related tax deduction or credit claimed by home owners?

Abe Schneier: The mortgage interest deduction, [which the NATIONAL ASSOCIATION OF REALTORS® estimates amounts to about $3,000 in tax savings for the average itemizing home owner] and [the deduction for] real property taxes.

HL: Which tax provision do home owners often overlook?

AS: You can deduct mortgage insurance premiums [or PMI] if you were required to…

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About Elrico

A Community Advocate that fights for the under-served and under-represented.
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