Article Summary: Home Sale Exclusion Primary Residence Second Home Fixer-upper Rental With careful planning, and provided you follow the rules, the tax code allows you
The IRS issued Notice 2023-59 regarding the requirements for home energy audits for taxpayers who want to include the audit cost when claiming the energy-efficient
Article Highlights: Home gain exclusion amounts Home cost Reasons to keep home improvement records Records may be required to avoid tax Which records to keep
Article Highlights: Home Energy Improvements & Tax Credits Home Energy Audit Annual Credit Limit Non-Refundable Credit Improvement Category Limits $1,200 Annual Credit limit Improvements $2,000
We often encounter clients who are at a crossroads: should they continue renting or take the plunge into homeownership? While renting offers flexibility, there comes
Article Highlights: Equitable Ownership Who Qualifies as an Equitable Owner? Tax Implications of Being an Equitable Owner Mortgage Interest Deduction Property Tax Deduction Examples of
The tax implications of being an equitable owner are significant, as they enable taxpayers to benefit from deductions that would otherwise be unavailable. Understanding equitable
A solar salesperson may not always explain all the facts and conditions associated with the Home Solar credit. These little-known details may influence a taxpayer’s
On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and
On December 22, 2017, The Tax Cuts and Jobs Act was signed into law. The information in this article predates the tax reform legislation and
