It’s that time of year again and the tax deadline is drawing near. Don’t we all wish we could write off a portion of our home and call it the ‘office’? But not so fast. There’s no faster way to rouse the IRS! However, no one wants to miss a perfectly legal opportunity to cut their tax bill, right? So what is legal and what will cost us in the long run? As you calculate your tax returns in Wellesley and Weston, MA, consider each home tax deduction and credit you are — and are not — entitled to. Running afoul of any of these 9 home-related tax mistakes can cost you in more ways than one. This Houselogic article details the deductions and credits and gives some helpful pointers to ensure you stay on the good side of the IRS.
If you are thinking of buying or selling a home in Wellesley, Weston, Needham or Natick, MA, please contact Maureen McCaffrey at mmccaffrey@prphomes.com or 508-494-0811 or maureenmccaffrey.com. And click here for a complimentary search of the MLS real estate listings where you will have access to all homes currently on the market in Weston, Wellesley, Needham, Natick and surrounding communities