How Much Money On Average Do You Think People Get In Their Tax Returns When Owning A Home?
Do you have to do a lot of home improvements in order to get money back?
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Do you have to do a lot of home improvements in order to get money back?
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November 22nd, 2009 at 12:25 pm
The only part of home ownership that is tax deductible is the interest on your mortgage and your property taxes. How much is returned depends on your tax bracket
Improvements are only taken into account against profit when you sell your house
November 22nd, 2009 at 12:25 pm
some portion of your interest is tax deductible but not much.
we put over 20,000 in to our property in Oklahoma and we didn’t get a dime of it back Thur the govt. that only comes when you sell and you have a really good sales pitch…
cheers
mystic