Year End Tax Tips for Home Owners
December 12, 2013
I know we’d all much rather be thinking about fun stuff like the holidays, snow, maybe some time off from work… But in the next couple weeks, home owners might want to take some time to make some strategic tax moves that could lower your 2013 tax burden:
Here are some tips from Forbes.com:
- Pre-pay your property taxes.
- Accelerate mortgage payments.
- Make energy efficient improvements.
- Finalize your foreclosure sale.
- Clean out and give away.
The article gives more detail and also explains deductibility of points and PMI, the exclusion on capital gains from home sales, and home office deductions. Read more at Forbes.com…