Thread: Tax Deductions?
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Old 02-19-2004, 09:50 AM   #2
Chgoman
Lieutenant Commander
 
Join Date: Apr 2002
Location: Mission Viejo, CA
Posts: 696
As far as a house goes, save all your receipts related to the house. A lot of it isn't tax deductible as an owner occupied house, but any improvements you make can be added to the cost of the house when you sell to reduce your gain on the property.

As far as what is tax deductible, the main items are mortgage interest, property taxes, and a home office if you are self employeed.
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