Keep These Housing-Related Items in Mind During the 2020 Tax Season - Washington DC Luxury Homes for Sale
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Keep These Housing-Related Items in Mind During the 2020 Tax Season
March has arrived and with the first signs of spring, we’re reminded that tax season is upon us and the July 15 tax filing deadline will be here before we know it. As you prepare your 2019 taxes (July 15th, 2020 Deadline)- if you haven’t already done so—here are a few housing-related items to keep in mind.
Taxpayers who itemize can only deduct up to $10,000 on a combination of state and local property, income, and sales taxes.
Those are just a few of the key tax laws related to housing, and your tax adviser can provide you with specifics on these and many other requirements and how they apply to you.
If you have any real estate-related questions or if you know of someone who is interested in buying or selling a home, please do not hesitate to contact me. I look forward to helping you with all your real estate needs.