What Can You Claim As a Home on Your Taxes?

Answer Although your primary residence provides a valuable income tax advantage, you can claim more than one home for some purposes. The tax effect of claiming homes other than your principal dwelling dep... Read More »

Top Q&A For: What Can You Claim As a Home on Your Taxes

What can I claim on my taxes for a home?

Homeownership has some advantages over renting, one of the most important being preferential treatment in the tax code. The government views broad homeownership as a key to maintaining stable commu... Read More »

Can you claim home improvements on taxes?

According to the Internal Revenue Service (IRS), a home improvement is a project that adds additional value to your home, such as a new pool, new windows or even an add-on room.Loan InterestIf you ... Read More »

Do I Have to Claim a Second Home on My Taxes?

When it comes to saving taxes with deductions, the Internal Revenue Service never forces you to claim it even though you are eligible. Therefore, if you have a second home, there is no requirement ... Read More »

What Kind of Stuff Can You Claim on Your Taxes?

By claiming deductions when filing your taxes, you can cut your tax bill. Many Americans choose the standard deduction, which everyone can claim without having to document it. Other filers give tha... Read More »