CNN host Chris Cuomo has apologized after referring to an Indian-American White House staffer as âRaj whatever-his-name-isâ on air this week. Viewers and critics accused Cuomo of racism, which he refuted during his apology.
The Internal Revenue Service (IRS) allows taxpayers to deduct the cost of home improvements from their income taxes, but only if the improvements were performed for medical reasons and on their main residence.
Overall, only 12% of tax filers with less than $50,000 in adjusted gross income (AGI) claim the mortgage interest tax deduction, compared with 94% of those with income over $200,000 in AGI, Trulia said. Still, if you own a home, you should maximize your tax breaks. Here are some some other home-owning related tax breaks you may be missing. : 1.