Here's everything you need to know about tax deductions before you sit down to. to home mortgage interest, there are dozens of tax deductions out there you might. The standard deduction is the easy option-it's like an automatic tax freebie.. who just wouldn't go away, take some comfort in the fact that you can claim a.
Top Tax Write-Offs That Could Get You in Trouble With the IRS Before you try to take that questionable deduction on your taxes this year, find out exactly what could raise a red flag with the IRS.
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It is just not realistic for a family putting 3% down to then have a $4k monthly mortgage, especially since you then have to pay PMI due to not having 20% down. We lost our home in 2008 and have never recovered. So sad what’s happened to the American dream.
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If you run your business from your home, you can claim a percentage of your house expenses for your business. For example, let’s say that you dedicate a 100-square-foot room for your home office. If your house contains 1,000 square feet of floor space, you can deduct 10 percent of your rent or mortgage payment and utilities as office expenses.
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