Tax Tips


Income Taxes and Selling a Home
 

Income Taxes and Selling a Home

Posted: July 31, 2017
Homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home. Here are tips to keep in mind when selling a home.


Making the Most out of Miscellaneous Deductions
 

Making the Most out of Miscellaneous Deductions

Posted: July 21, 2017
Miscellaneous deductions are tax breaks that generally don’t fit into a particular tax category. They can help reduce taxable income and the amount of taxes owed. Here are several tips from the IRS about miscellaneous deductions.


Plan Ahead for Tax Time When Renting Out Residential or Vacation Property
 

Plan Ahead for Tax Time When Renting Out Residential or Vacation Property

Posted: July 7, 2017
Receiving money for the use of a dwelling also used as a taxpayer’s personal residence generally requires reporting the rental income on a tax return. It also means certain expenses become deductible to reduce the total amount of rental income that's subject to tax.