Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho February 13, 2025

Common Places to Find Tax Deductions in Your Home

Paying your income taxes each year leaves your wallet a bit thin? There may be money hiding in your home that lessens your tax burden. Here are four places to look: 1. Home-Office Deduction If you work from home, you could qualify for a home-office deduction. Taking the deduction can be a bit complicated; so many people who qualify don't claim the exemption. An estimated 26 million Americans have home offices, but only 3.4 million claim them on their tax return. Perhaps that's why the Internal … [Read more...]

Filed Under: Taxes Tagged With: Home Savings, Real Estate Tips, Tax Deductions

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