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Enter the State of your home of record

office. Missouri Home of Record If you entered the armed forces in Missouri, your home of record is presumed to be Missouri and you are presumed to be domiciled in Missouri.

Please explain all of the deductions that are available related to my home.

deduct any qualifying real estate taxes that you paid to state, foreign, or local government agencies (such as your town office, county, parish, or other tax assessor). Mortgage Insurance Paid: Another common deduction related to your home

Selling Your Home

During the year, many people sell their home and move to a new location. Many of those individuals will make a profit on the sale and still will not have to pay a single dime of additional income tax to the IRS. This exclusion—up

Business Use of Home (Overview)

Whether you are self–employed or are an employee, you may be able to deduct certain expenses for the part of your home used for business despite the general denial of business expense deductions for the home. To deduct expenses

What is a 1098: Home Mortgage Interest

The Form-1098 reports the home mortgage interest that was paid on your home throughout the current tax year. For an example of this form please click on the link below. Form 1098 sample Form 1098 instructions

Kentucky New Home Tax Credit

The New Home Tax Credit is a nonrefundable income tax credit effective July 26th, 2009, and applies to a “qualified buyer” who purchases a “qualified principal residence”. If you completed an Application for New Home Tax Credit (Form

Did you dispose of your home in a prior year?

If you received the First-Time Homebuyer Credit when you purchased your home, you may be required to pay the remaining amount due when you dispose of your home. The term 'dispose' indicates when the home was no longer considered to be your

Georgia Disabled Person Home Purchase or Retrofit Credit

Georgia provides a disabled person credit equal to the lesser of $500 per residence or the taxpayer's income tax liability for the purchase of a new single-family home that contains all the accessibility features listed below. It also

When do I qualify to take a deduction for the business use of my home?

If you use your home for work-related issues, you may be able to claim a deduction for the business use of your home. To qualify to claim expenses for the business use of your home, you must use part of your home for one of the following

What "Closing Costs" Can I Deduct When Purchasing a Home?

Congratulations on the purchase of your new home! When you purchased your home, you may have paid what is called "settlement" or "closing costs" in addition to the contract price. These costs are typically divided between you