Homeownership Makes Tax Time Less Taxing
WASHINGTON (April 10, 2012) –With the April 17 tax deadline one week away, many individuals and families still have time to take advantage of the valuable tax benefits homeownership affords. The National Association of Realtors® consumer website, HouseLogic.com, can help.
“Our government encourages homeownership because it benefits families, communities, and our nation’s economy; homeownership is an investment in our collective futures,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “HouseLogic.com helps homeowners identify the benefits that will save them money today and plan ahead for future savings, as well.”
HouseLogic.com provides tips and tools for homeowners, and devotes an entire section of its site to tax incentives for the home. Visitors can check out A Home Owner’s Guide to Taxes to find helpful articles like 10 Easy Mistakes Home Owners Make on their Taxes, 12 Tough Questions (and Answers) About Home Office Deductions, and 6 Deduction Traps and How to Avoid Them that provide consumers with a wealth of information to ensure they get the maximum return to which they’re entitled.
Tax benefits that encourage homeownership include the mortgage interest deduction, deductions for property taxes, and tax credits for energy-efficient remodeling projects and heating and cooling systems.
For more information on tax deductions and preparation as well as tips on how to make smart decisions and take responsible actions to maintain, protect and enhance the value of your home, visit www.houselogic.com.
The National Association of Realtors®, The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
Information about NAR is available at www.nar.realtor. This and other news releases are posted in the News Media section.
REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.