Simple Tax Tips for Your Personal Taxes

Use Your Home as a Tax-Saving Tool You can deduct interest on up to a combined total of $1 million of mortgage debt incurred to purchase, build or improve your principal residence and a second residence. And you can deduct points related to a loan for purchasing or improving your principal residence. Also keep in mind these deductions and exclusions, including: property tax deduction, home equity debt interest deduction, rental income exclusion, and home sale gain exclusion. Read More>>

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