If you’re selling your home, don’t forget about taxes

Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. The National Association of Realtors (NAR) reports that existing home sales in April decreased year-over-year, 17.2% from a year ago. One bit of good news is that home prices are up. The median […]

Be aware of the tax consequences before selling your home

In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t neglect to consider the tax consequences. Home sale gain exclusion […]

Let the sun shine in on this tax credit

If you are considering upgrades to your home, you may want to consider installing renewable energy systems. They are not only more efficient, which will help you save on energy bills, but they could be worth a significant tax credit as well. The federal government is offering a 30-percent personal income tax credit – called […]