Home improvements – just about any realtor will tell you that doing home improvements on your home will potentially increase the home’s value, and bring in buyers who are willing to make a higher offer. However, what they might not tell you is that you need to keep track of those home improvements. Keeping track […]
Tag Archives: taxes
Standard or Itemized Deductions
In 2017, the Tax Cuts and Jobs Act increased the standard deduction for married couples to $24,000. In some instances, homeowners may be better off using the standard deduction than itemizing on their return. Previously, homeowners could get a better benefit with itemizing but there is now a $10,000 limit of state and local taxes […]