3 Tax Deductions when Selling your Home

[Ralph DiBugnara]

Right now, the market is experiencing little inventory, which makes it a seller’s market. In the event of you wanting to sell your home, it is important to know what tax deductions will get you the most out of your sale.

When selling your home, you can deduct:

-Selling costs, as long as they are directly related to the sell of the home and it is a principal residence,

-Home improvements and repairs within the last 90 days of closing, and

-Property taxes up to $10,000