More than just real estate

10 Common Errors Home Owners Make When Filing Taxes

As of today, the IRS is accepting e-filing for your 2011 taxes. Chances are, if you’re a homeowner, there are a lot of tax circumstances you’re not completely clear on. There are so many things to consider when filing taxes, and many people make mistakes when filing taxes on their own.

As you calculate your tax returns, consider each home tax deduction and credit you are — and are not — entitled to. Running afoul of any of these 10 home-related tax mistakes — which tax pros say are especially common — can cost you money or draw the IRS to your doorstep. (more…)

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