"Robinson walks the reader through nearly every conceivable scenario that could lead to a decrease tax bill."
-Ilyce Glink, Tribune Media Services
The 2005 Version of J.K. Lasser's Home-owner's Tax Breaks reveals a mess of each properly-recognized and little-identified tax-saving ideas that can permit you to put substantial dollars again in your pocket. In reality, it's full of the largest in-print assortment of tax-planning ideas for homeowners.
Filled with in-depth insights and sensible recommendation, the 2005 Version of J.K. Lasser's Home-owner's Tax Breaks will allow you to:
Legitimately take deductions on your family when you will have a house office
Make your bank card and automobile mortgage curiosity deductible
Qualify to exclude as much as $250,000 of good points on the sale of your private home-$500,000 in the event you're married
Cope with a depressed housing market by getting deductions for renting your property earlier than you sell it
Create tax-free income from renovating your private home and promoting it at a profit
Receive charitable deductions on your dwelling while you nonetheless live in it
Make your house a retirement nest egg that generates tax-free earnings by buying and selling down or using it for a reverse mortgage
Eradicate property tax on your principal residence by utilizing a private residence trust
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