90% of Taxpayers
And, then, there's the capital gain exclusion of up to $250,000 for a single taxpayer and up to $500,000 for a married filing jointly.
To-Do List for Better Homeowners
Checklists work because they contain the important things that need to be done. They provide a reminder about things we know and realize but may have slipped our minds as well as inform us about things we didn't consider. Periodic attention to these areas can protect the investment in your home. Change HVAC filters regularly. Consider purchasing a supply of the correct sizes needed online and they'll even remind you when it's time to order them again. Change batteries in smoke and carbon monoxide detectors annually. Create and regularly update a Home Inventory to keep track of personal belongings in case of burglary or casualty loss. Keep track of capital improvements, with a Homeowners Tax Guide , made to your home throughout the year that increases your basis and lowers gain. Order free credit reports from all three bureaus once a year at www.AnnualCreditReport.com . Challenge your property tax assessment when you receiv...
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