Tuesday, February 26, 2013

6 Home Deduction Traps and How to Avoid Them

Get an “A” on your Schedule A Form: Dodge these tax deduction pitfalls to save time, money, and an IRS investigation.


Trap #1: Line 6 – real estate taxes


IRSYour monthly mortgage payment often includes money for a tax escrow, from which the lender pays your local real estate taxes.… Read the rest


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