How Much Money On Average Do You Think People Get In Their Tax Returns When Owning A Home?
August 20th, 2009 | by Frenday |Do you have to do a lot of home improvements in order to get money back?
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2 Responses to “How Much Money On Average Do You Think People Get In Their Tax Returns When Owning A Home?”
By Not I on Aug 20, 2009 | Reply
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
By mobile phone recycling comparison on Aug 20, 2009 | Reply
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