With the April 17 tax deadline coming up, many individuals and families still have time to take advantage of the valuable tax benefits homeownership affords. Many are turning to the National Association of REALTORS’® consumer website, HouseLogic.com.
“Our government encourages homeownership because it benefits families, communities, and our nation’s economy; homeownership is an investment in our collective futures,” says NAR President Moe Veissi, “HouseLogic.com helps homeowners identify the benefits that will save them money today and plan ahead for future savings, as well.”
HouseLogic.com provides tips and tools for homeowners, and devotes an entire section of its site to tax incentives for the home. Visitors can check out A Home Owner’s Guide to Taxes to find helpful articles like 10 Easy Mistakes Home Owners Make on their Taxes, 12 Tough Questions (and Answers) About Home Office Deductions, and 6 Deduction Traps and How to Avoid Them that provide consumers with a wealth of information to ensure they get the maximum return to which they’re entitled.
Tax benefits that encourage homeownership include the mortgage interest deduction, deductions for property taxes, and tax credits for energy-efficient remodeling projects and heating and cooling systems.