It’s the last year for three sweet home tax benefits, but the first for a way simpler home office deduction.
These days few things start a fight on Capitol Hill faster than taxes. Despite the fact that three important tax benefits used by millions of American homeowners are days from expiring, Congress is unlikely to do anything to re-up them any time soon.
So if you’re eligible, tax year 2013 is possibly the last time to claim the private mortgage insurance (PMI) deduction, the energy tax credit, and debt forgiveness benefit, all of which all expire on Dec. 31, 2013.
Are you taking advantage of any of these tax benefits this year? Tell us about any tips you have found helpful in finding deductions with your home.