As you probably know, your home mortgage interest deductions can save you a lot of money.
What you may not know is that a recent court case and a new IRS rule create the possibility of double deductions for single taxpayers who co-own their homes and vacation properties.
Want to learn how singles can hit doubles?
Read my new article titled Tax Tips: Do New Rules Allow You to Double Your Mortgage Interest Deductions?
Three ways our fact-filled article can help you:
- We’ll explain how the Sophie/Voss case changed the law. Sophie and Voss were domestic partners who wanted the same home mortgage-interest-deduction benefits that married couples enjoy. So they fought the system and finally won. And maybe they won for you too as you’ll discover when you read the full article.
- You’ll learn how unmarried co-owners can win big. When you own a home with someone other than your spouse, you can each deduct mortgage interest up to $1,100,000 of a qualified mortgage. That’s double what a married couple can deduct. Want to find out more? Read the full article.
- We’ll tell you about some exciting tax-planning opportunities. There are a number of ways the new rules can save you money. Lots of money! You’ll find four of them listed when you read the full article.