Homeowners: Saving Money At Tax Time
Being a homeowner has so many great tax benefits. Whether you are a renter, home owner or investor my latest Money for Lunch interview is full of tips for saving money at tax time:
- If you are renting an unsure about whether buying a home is for you, make sure you factor the tax savings of being a homeowner into your decision making process.
- If you own a home, make sure you are getting all the tax savings you are entitled to, including deducting interest, real estate taxes &energy efficient improvements.
- If you are an investor the list of tax deductible items is endless.You can write off almost anything related to the maintenance of your rental property – even taking your new tenants out for lunch!
- A 1031 Exchange is a great way to defer paying capital gains tax when you sell a property. In my interview we discuss how you can defer these taxes to a later time and perhaps avoid paying them all together!
Listen to my latest radio interview by clicking on the link below to get all the details and make sure you aren’t missing out on any savings before tax time rolls around again!
Listen Jennifer Myers on “Money For Lunch” Here