The TCJA of 2019 dramatically increased the standard deduction so that many homeowners benefit from taking that rather than itemizing…
Taxes
The limit for tax free gifts for 2022 is $16,000 and no tax is due to the donor or the…
Married couples who own a home as joint tenants with rights of survivorship, the surviving spouse inherits the home, along…
Regardless of whether you’re entitled to $250,000 or $500,000 of exclusion when you sell your home, prices have gone up…
Selling and buying a lower priced home in an “Up” market can be to your advantage. The advantage is to maximize…
As a current homeowner, you may be basking in the consolation that you bought before the market got crazy with…
With home prices rising 20% nationwide in the past year and in some markets, even dramatically more, many homeowners are…
There is a little-known provision in the tax code that allows homeowners to rent their principal residence or second home for…
Before you pay cash for a home, ask yourself if there is a possibility, at some point in the future,…
Banks are concerned about making loans that will be repaid not about making loans that are tax deductible for homeowners….