Quick tax tip for the first time home buyers of 2022. Did you know that you could claim up to $10,000 if you purchased a qualifying home in 2022? You can read more on this credit here. If you have any questions, please speak with a tax professional.
Qualifying homes include
- single family home
- semi detached
- townhome
- mobile home
- condo
Do you rent out your property? You can deduct any reasonable expenses you incur to earn rental income such as advertising, insurance, interest, office expenses, professional, management & admin fees. That is just a shorty list. Read more here!