Tag Archives: Property tax

The Sky Is Not Falling – 6 Home Deduction Traps and How to Avoid Them

Get an “A” on your Schedule A Form: Dodge these tax deduction pitfalls to save time, money, and an IRS investigation. Trap #1: Line 6 – real estate taxes Your monthly mortgage payment often includes money for a tax escrow, from … Continue reading

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9 Easy Mistakes Home Owners Make on Their Taxes

Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit.  Sin #1: Deducting the wrong year for property taxes You take a tax deduction for property taxes in the year you … Continue reading

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The Tax Man Cometh… Don’t-Miss Home Tax Breaks

From the mortgage interest deduction to energy tax credits, here are the tax tips you need to get a jump on your returns. Mortgage interest deduction Private mortgage insurance deduction Prepaid interest deduction Energy tax credits Vacation or second home … Continue reading

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A Financial Plan for Your Home

Your home is probably your biggest investment. To manage it, create a financial plan that takes into account repairs, upgrades, mortgages, insurance, and taxes. Use our home financial plan budget worksheet, and start by writing a list of expenses, such as: … Continue reading

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Colorado reinstates property tax exemption for seniors!

AC News: Colorado reinstates property tax exemption for seniors For release: May 22, 2012 Colorado reinstates property tax exemption for seniors Applicants must be at least age 65 and reside in primary home for 10 years to qualify Littleton, Colo. … Continue reading

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