Now that you’ve bought a home of your own, you might be thinking that you’re kind of good at handiwork and you want to give flipping a go. It’s certainly one way to make money in
DONT FORGET ABOUT HOMEOWNER TAX BREAKS
A New Year means tax season is right around the corner. One of the many perks of homeownership is big tax breaks. So whether you’re doing your taxes yourself or getting help from a professional, it’s important to take advantage of those breaks!
Mortgage Interest Deduction: Before buying a home, a standard deduction may have made the most sense when you prepared your taxes. But homeowners can deduct the interest portion of their mortgage payments, and the earlier you are in your mortgage, the greater the percentage of each payment that goes toward interest, so take advantage right away!
Home Office: There are specific criteria that have to be met in order to deduct home office expenses, but it can lead to a very large deduction. In general, your home office has to be used specifically for business purposes. Check with a tax professional to see if your home office qualifies for a deduction—it’s a little extra work, but can make a big difference in your tax responsibility.
Acworth | Adairsville | Alpharetta | Alto | Aragon | Armuchee | Athens | Atlanta | Auburn | Augusta | Austell | Avondale Estates | Baldwin | Ball Ground | Berkeley Lake | Bethlehem | Big Canoe | Bogart | Bowdon | Bowersville | Braselton | Brookhaven | Brooklet | Brooks | Buckhead | Buford | Calhoun | Canon | Canton | Carnesville | Carrollton | Cartersville | Cave Spring | Cedartown | Chamblee | Chattahoochee Hills | Clarkston | Clermont | Cleveland | Clyo | College Park | Commerce | Concord | Conley | Conyers | Covington | Cumming | Dacula | Dahlonega | Dallas | Dawsonville | Decatur | Doraville | Douglasville | Duluth | Dunwoody | East Point | Ellabell | Ellenwood | Emerson | Euharlee | Fairburn | Fairmount | Fayetteville | Flovilla | Flowery Branch | Forest Park | Gainesville | Gay | Gillsville | Good Hope | Grantville | Grayson | Greenville | Griffin | Guyton | Hampton | Hapeville | Hartwell | Hiram | Hogansville | Homer | Hoschton | Jackson | Jasper | Jefferson | Jenkinsburg | Johns Creek | Jonesboro | Kennesaw | Kingston | Lake City | Lavonia | Lawrenceville | Lilburn | Lindale | Lithia Springs | Lithonia | Locust Grove |
Hi, I'm John Thomas, and I am a full-time/full-service REALTOR® at eXp Realty in Atlanta Georgia. I was born in Chicago, grew up in Elmhurst. I attended York High School and Loras College. I have a B....
Latest Blog Posts
Any time there’s a natural disaster, emergency preparedness is all anyone can think about. But soon after the news coverage fades away, it’s back to the same old grind, with little brain