J.k. Lasser's Homeowner's Tax Breaks 2007 Your Complete Guide to Finding Hidden Gold in Your Home

"Robinson walks the reader through almost everyconceivable scenario that could result in a lower tax bill." -- Ilyce Glink, Tribune Media Services Many of today's homeowners fail to take advantage of the tax breaks they're entitled to. But with J.K. Lasser's Homeowner's Tax Breaks 2007, you'll quickly discover what you've been missing. Straightforward and accessible, this comprehensive guide reveals a multitude of both well-known and little-known tax-saving ideas-- from deductions for real estate taxes to pocketing tax-free mortgage proceeds when trading up to a more expensive home. Fully updated to reflect all the changes in today's tax law, J.K. Lasser's Homeowner's Tax Breaks 2007 will also help you: Legitimately take deductions for your household when you have a home office Make your credit card and car loan interest deductible Qualify to exclude up to $250,000 of gains on the sale of your home-- $500,000 if you're married Cope with a depressed housing market by getting deductions for rentingyour home before you sell it Create tax-free income from renovating your home and selling it at a profit Receive charitable deductions for your home while you still live in it Make your home a retirement nest egg that generates tax-free incomefrom trading down or using it for a reverse mortgage Eliminate estate tax on your principal residence by utilizing a personal residence trust J.K. Lasser-- Practical Guides for All Your Financial Needs Please visit our Web site at www.jklasser.comRobinson, Gerald J. is the author of 'J.k. Lasser's Homeowner's Tax Breaks 2007 Your Complete Guide to Finding Hidden Gold in Your Home', published 2006 under ISBN 9780471786696 and ISBN 0471786691.