"2026 $500,000 Home-Sale Exclusion: Must You Be Married?" To get my complete, FREE articlewith all the details… You're selling your home this year, and you assume the $500,000 exclusion only works if you were married for the whole time you lived there. The tax code never asks how long you've been married. It asks something else entirely about your tax return, and the … [Read more...]
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Proving Basis in Your Home: The 2026 Cost of Bad Records
"Proving Basis in Your Home: The 2026 Cost of Bad Records" To get my complete, FREE articlewith all the details… For decades, most homeowners never had to prove what they spent on their home. The sale exclusion swallowed the whole gain, so the receipts went in the trash. That assumption is getting riskier every year, because the exclusion amounts haven't moved since … [Read more...]
The Augusta Rule: 14 days, $21,000 deduction, zero tax on rent received
The Augusta Rule: 14 days, $21,000 Deduction,Zero Tax on Rent Received To get my complete article with all the details… You own a corporation or partnership. You also own your home. Those two facts together create a tax opportunity most business owners never use. Rent your home to your business for 14 days or less, and the rent you receive is completely … [Read more...]
Should You Skip Home-Office Depreciation to Dodge Recapture?
“Should You Skip Home-OfficeDepreciation to Dodge Recapture?” To get my complete article with all the details… If you’re like most taxpayers, just hearing the words “recapture tax” is enough to make you nervous. Many business owners and professionals assume the safest move is to skip depreciation on the home office altogether—just to avoid trouble later. But … [Read more...]
Only Seven Months Left to Claim This Builder Credit
“Home Builder Alert: Seven MonthsLeft for Tax Credit” To get my complete article with all the details… If you build or renovate homes, there’s a major tax credit on the table right now—one that can put real dollars back into your business. But here’s the catch: in just seven months, the window to claim it slams shut. Most builders won’t realize they’ve missed their … [Read more...]