10 Tax Tips for Homeowners

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How the IRS Works

How the IRS Works

The IRS or Internal Revenue Service handles taxes. Learn about the history of the IRS and how it enforces taxes.

Author's Note: 10 Tax Tips for Homeowners

Not to brag, but I'm totally a homeowner myself. But don't fawn over my impressive home-owning prowess yet: You should also know that for a long time I had no idea mortgage interest was deductible, and probably have been totally throwing away good deductions for years now because I was too lazy to do anything but take the standard deduction. Lesson to be learned: Do your tax research.

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  • Bell, Kay. "Home Sweet Homeowner Tax Breaks." Bankrate. Jan. 29, 2014. (Oct. 8, 2014) http://www.bankrate.com/finance/taxes/home-sweet-homeowner-tax-breaks-1.aspx
  • IRS. "Publication 547." 2013. (Oct. 8, 2014) http://www.irs.gov/publications/p547/ar02.html#en_US_2013_publink1000225200
  • Kiplinger. "Deductions for Homeowners." Jan. 2011. (Oct. 8, 2014) http://www.kiplinger.com/article/real-estate/T010-C000-S001-deductions-for-homeowners.html
  • Reeves, Jeff. "Six Important Tax Tips for Homeowners." USA Today. March 6, 2014. (Oct. 8, 2014) http://www.usatoday.com/story/money/personalfinance/2014/03/02/irs-taxes-deduction-homeowner-mortgage-interest/5863865/
  • Reeves, Jeff. "Tax Tips." USA Today. March 5, 2013. (Oct. 8, 2014) http://www.usatoday.com/story/money/personalfinance/2013/03/05/tax-tips-homeowners-irs-deduction/1964555/
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  • TurboTax. "How Short Sales and Foreclosures Affect Your Taxes." Intuit. 2013. (Oct. 8, 2014) https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/How-Short-Sales-and-Foreclosures-Affect-Your-Taxes/INF19990.html
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  • TurboTax. "The Home Office Deduction." Intuit. 2013. (Oct. 8, 2014) https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/The-Home-Office-Deduction/INF12067.html
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