5 Tax Breaks for Homeowners
It's never too early in the year to start thinking about filing your income taxes. If you own a home at the Lake of the Ozarks , there are a few tax deductions that you may qualify for. My Lake Ozark real estate office wants to make sure that you have the chance to utilize these possible tax breaks. Tax season officially began on January 19, 2016, and this year there is a new deadline of April 18, 2016. Washington D.C. will be celebrating Emancipation Day on the regular deadline date of Friday, April 15, which causes this year's deadline to be shifted to the following Monday. In addition to those extra 3 days, you may qualify for other tax breaks. 1. Mortgage Interest Unless it was over one million dollars, all of the interest that you paid over the year on your mortgage is deductible. That same interest is even deductible on property like an RV or a boat, provided that it has sleeping, cooking, and bathroom facilities...