Home Owner

  • Profit Wise Accounting Closing Cost & Tax Deductions

    Closing Cost and Tax Deductions

    What are Tax Deductions? Tax deductions refer to the expenses that can be claimed on an individual’s federal tax return to decrease their taxable income. By availing these deductions, the amount of taxes payable in a particular year can be reduced. Taxpayers have the option to either itemize their taxes by calculating their individual deductions…

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  • Home Ownership

    Home Ownership —Tax Laws

    Navigating our way through the new tax laws concerning home ownership. What’s deductible: closing costs, mortgage interest, property taxes? Let’s take a closer look and break down some of the basics.

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