Fall is here, and if you’re remembering your heating bills from last winter, you probably are already thinking about what you can do to cut that bill. Today, we look at tax breaks that help save you money while you make your home a bit more energy efficient.
As the days draw shorter and Daylight Savings Time draws to an end, we’re reminded that the end of the year is almost here. You’ve probably already turned on the heat for the first time this winter and it’s time to start thinking about energy bills. There are a number of energy-saving ways to improve your home’s tax efficiency. Here are two of the tax breaks available for 2013.
A great milestone of your financial life is the purchase of your first home. While less exciting, the tax implications of that achievement are no less critical. After all, home ownership creates several new opportunities for you to save on your federal income taxes. Got your attention?
The deadline to appeal property taxes is in September in many areas. With the decline in property values, it may be worth appealing your property tax value to make sure you are paying the correct property tax amount. You may be able to save money. Column Five’s, Josh Ritchie gives us details on how frequency of use of second properties may impact how you report property taxes.
With the last chance to appeal the assessed value of your home quickly approaching, we wanted to share our infographic that compares state-by-state property taxes, which is one of the largest home related expenses we pay and is hands down a significant revenue source for state and local governments. Full story
Under 2008 legislation designed to stimulate the housing market, first-time homebuyers could claim a tax credit of up to $7,500, however beginning in 2010 taxpayers were required to pay the credit back. Find out more here. Full story
Besides the financial benefits of owning property with some equity, there are some tax advantages, including deducting points on your mortgage. Find out more here. Full story
Are you shopping for a new home? How exciting! You are probably in a strong… Full story
The 2011 Residential Energy Tax Credit, the credit for energy-saving home improvements was decreased effective January 1, 2011. Find out how the changes affect your taxes. Full story
In the summer, many take on home improvement projects. Here are some ways to remodel while recouping the maximum that you can in tax credits and deductions. Full story