TAX INSIGHT pp 293-302 | Cite as

Your Residence

After Taxes, Your Home May Be Your Biggest Expense–It May Also Be a Great Tax Deduction
  • M. Casey Murdock
Chapter

Abstract

As a general principle, the tax code allows you to take a deduction for expenses that you incur in an effort to create income. The allowance of these deductions encourages people to invest in things that increase their income—increasing taxes as a result. That is why most expenses related to a business are allowed as deductions, when those same items are not deductible when used for personal reasons.

Keywords

Heat Pump Home Equity Mortgage Interest Mortgage Insurance Geothermal Heat Pump 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Copyright information

© M. Casey Murdock 2014

Authors and Affiliations

  • M. Casey Murdock
    • 1
  1. 1.CAUSA

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