Calculator, pile of papers, taxes, deductions

Video: 3 Lesser Known Tax Breaks Homeowners Frequently Miss

Calculator-accounting-tax deductionsI know… the relief of tax season being over has just had a chance to set in. However, if you’re a home owner or a real estate investor you know that tax season never quite leaves your consciousness. You have to be alert all year-round if you’re going to take full advantage of available tax breaks and deductions. This video lists a few you might not have thought of.

Note: since this video was recorded, the Mortgage Forgiveness Tax Relief Act extends through 2016 according to www.congress.gov. Talk with your tax accountant or attorney before entering into a short sale or foreclosure, to be clear on this year’s regulations. Your Realtor can give you relevant statistics on foreclosures and short sale’s in today’s market.


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