Most homeowners and potential homeowners are aware there are tax benefits associated with ownership. For instance, mortgage interest and property taxes have been deductible expenses from federal income tax since…
Now that the standard deduction is increased to $12,200 for single taxpayers and $24,400 for married ones, many homeowners are better off with the standard deduction than itemizing their deductions…
A principal residence and a second home have some similar benefits, but they have some key tax differences. A principal residence is the primary home where you live and a…
A couple is planning to tour the United States in a travel trailer during their first few years of retirement. They are going to sell their current home now and…
Taxpayers can decide each year whether to take the standard deduction or their itemized deductions when filing their personal income tax returns. Roughly, 75% of households with more than $75,000…
What your home is worth depends on why you ask the question. It could be one value based on a purchase or sale and an entirely different value for insurance…
