Home Ownership Makes Tax Time Less Taxing

Snoopy dog houseWith the April 17 tax deadline less than a week away, your clients still have time to take advantage of the valuable tax benefits home ownership affords. The National Association of REALTORS®’ consumer site, HouseLogic.com, can help.

“Our government encourages home ownership because it benefits families, communities, and our nation’s economy; home ownership is an investment in our collective futures,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “HouseLogic.com helps home owners identify the benefits that will save them money today and plan ahead for future savings, as well.”

HouseLogic.com provides tips and tools for home owners, and devotes an entire section of its site to tax incentives for the home. NAR members can check out A Home Owner’s Guide to Taxes to find helpful articles they can pass along to their clients, such as 10 Easy Mistakes Home Owners Make on their Taxes, 12 Tough Questions (and Answers) About Home Office Deductions, and 6 Deduction Traps and How to Avoid Them that provide consumers with a wealth of information to ensure they get the maximum return to which they’re entitled.

Tax benefits that encourage home ownership include the mortgage interest deduction, deductions for property taxes, and tax credits for energy-efficient remodeling projects and heating and cooling systems.

Source: NAR

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