Abstrak
The 2005 Edition of J.K. Lasser's Homeowner's Tax Breaks reveals a multitude of both well-known and little-known tax-saving ideas that will allow you to put substantial dollars back in your pocket. In fact, it's packed with the largest in-print collection of tax-planning ideas for homeowners. Filled with in-depth insights and practical advice, the 2005 Edition of J.K. Lasser's Homeowner's Tax Breaks will help you: * Legitimately take deductions for your household when you have a home office * Make your credit card and car loan interest deductible * Qualify to exclude up to $250,000 of gains on the sale of your home?$500,000 if you're married * Cope with a depressed housing market by getting deductions for renting your home before you sell it * Create tax-free income from renovating your home and selling it at a profit * Receive charitable deductions for your home while you still live in it * Make your home a retirement nest egg that generates tax-free income by trading down or using it for a reverse mortgage * Eliminate estate tax on your principal residence by utilizing a personal residence trust