Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 month ago, 11/20/2024

User Stats

4,265
Posts
1,443
Votes
Julio Gonzalez
Pro Member
  • Specialist
  • West Palm Beach, FL
1,443
Votes |
4,265
Posts

Top Home Tax Deductions

Julio Gonzalez
Pro Member
  • Specialist
  • West Palm Beach, FL
Posted

Your house isn’t just your haven—it can be a financial asset too. Here are 10 tax tips every homeowner should know:

1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!

2️⃣ Property Tax Deduction: Claim up to $10K for state & local taxes.

3️⃣ Capital Gains Exclusion: Sell your home? Exclude up to $250K/$500K in gains.

4️⃣ Home Office Deduction: Use part of your home for business? Deduct expenses!

5️⃣ Energy-Efficient Upgrades: Solar panels = tax credits! 🌞

6️⃣ Rental Income Deductions: Earn income & deduct related expenses.

7️⃣ Home Equity Loan Interest: Deduct interest if used to improve your home.

8️⃣ Military Moving Expenses: Active-duty? Deduct moving costs!

9️⃣ Mortgage Points: Paid points? Deduct them too!

🔟 Casualty Loss Deduction: Disaster losses might be deductible.

📝 Pro Tip: Keep receipts & records to back up your claims. Consult a tax pro to maximize these benefits!

📢 Share this post with a homeowner who could use these tips!

@engineeredtaxservices

@engineeredtax

  • Julio Gonzalez
  • (561) 253-6640
  • Loading replies...