Last week, I wrote about some of the tax benefits that come with home ownership. Here are more ways to maximize the financial benefits of home ownership. Home Equity Line of Credit If the market value of your home is significantly greater than the amount you owe on your home loan, you may be able … Read more
Last week, I shared the tax benefits associated with having a home office. This week, I’ll share another way to reduce your tax burden: if you have a medical condition that requires upgrades to your home, you may be able to write off part of the cost of those upgrades. Before I go on, I … Read more
There are lots of great reasons to own a home. One of my favorites is the tax benefits. Many homeowners can write off the interest on their mortgage and on the amount they pay in property taxes. But if you have a home office, you may be able to take advantage of additional tax savings. … Read more