Homeowner Tax Tips | The TurboTax Blog

8 Ways to Save on Home Renovations

July 15, 2019 September 25, 2019 / Elle Martinez

Last year, we hired a contractor to help us tackle a big home renovation project. Since I’m self-employed and my husband works from home a few days a week, having a dedicated space for us to work became a necessity....

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Tax Tips

Tax Tips for Second-Home Owners

June 13, 2019 July 12, 2019 / Jim Wang

When you own a second home, some tax rules are similar to the ones relating to your first home. However, let’s discuss how to benefit from the tax rules once you start renting that second home. Every year we rent...

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What Your Summer Home Renovations Mean for Your Taxes

June 3, 2019 January 2, 2020 / Ginita Wall, CPA, CFP®

At last, the sun is shining, the birds are chirping and it’s time to kick back and enjoy the summer. But wait, do you cringe every time you look around your home and backyard? Are the turquoise and pink décor...

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Tax Reform

Tax Reform 101: What You Should Know About Changes to the Moving Expense Tax Deduction

June 7, 2018 July 24, 2019 / Ginita Wall, CPA, CFP®

Are there moving boxes in your future? Summer is a popular time to move and many are moving miles away to take a new job. If that’s you, congratulations on embarking on your new adventure! Here are a few things...

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Income and Investments

Four Changes to Make This Year to Buy Your Dream Home

January 10, 2018 July 24, 2019 / Elle Martinez

The article below is up to date based on the latest tax laws. It is accurate for your 2018 taxes, which you will file by the April 15, 2019 deadline. Learn more about tax reform here. The new year has just...

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Income and Investments

Tax Tips for Those Renting Their Home on Airbnb

June 23, 2017 July 18, 2019 / TurboTaxBlogTeam

As Airbnb’s popularity continues to rise, more and more people renting out their homes and learning about the tax implications that come with it. When you offer your home, or a room in your home, as a short-term rental, you may be...

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Income and Investments

Does Renting My Apartment on Airbnb Make Me Self-Employed?

March 30, 2017 July 18, 2019 / Ginita Wall, CPA, CFP®

Wouldn’t it be great if your home was working while you were on vacation? Well, that’s essentially what happens when you rent out your apartment on Airbnb and other similar services. Rental income is not considered to be earned income...

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Income and Investments

Real Talk Series: Do I Have to Report a Home Foreclosure on My Taxes?

September 14, 2016 July 19, 2019 / TurboTaxLisa

Q: Earlier this year, the bank foreclosed on my home. How do I report this on my taxes? A: Unfortunately financial crisis can happen in your life that can’t be avoided, but if you experienced a foreclosure, short sale, or...

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Tax Deductions and Credits

Moving? Let Uncle Sam Help Pay for Your Move

September 7, 2016 July 24, 2019 / Ginita Wall, CPA, CFP®

Many people pick up and move each month, often to start a new job. Uncle Sam will help pay the costs through tax deductions if you meet a few tests.

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Tax Deductions and Credits

Four Ways to Save While Summer House Hunting and Renovating

July 7, 2016 July 24, 2019 / Ginita Wall, CPA, CFP®

If you are looking for a new home this summer, or renovating your old one and replacing appliances, you will want to read this blog before you get too far into your project. That’s because there are loads of tax...

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