xyin
大家都有什么省税的秘方？
6285
81
2006-05-26 14:33:00
我现在可以想到的几点， 欢迎大家补充：
1) donation
2) primary home, mortgage, property tax, clsoing cost, upgrading
3) second home, mortgage, property tax, closing cost(rent less than 14 days, no need to report rental income)
second home can be time-share, RV, and fancy boat as long as it has kitchen and bathroom etc
4) pay your next year expense this year. if you know you have to spend some money on something, that is dedutable, use your credit card to buy them this year and deduct from this year's income.
5) If you have a rental home, you can deduct agent's fee, advertisement fee, utility, maintainence, your travel expense to the rental property location including airplane ticket, hotel and gasoline etc.
6) moving expense due to work
7) if your income is within certain limit, you can deduct tuition and continuing education
8) tax preparation expenses, like lawyer, accoutant, software.
above infomation, if not accurate, please point it out.
I am now spending tons of time on the tax topics, and I am a real new student on this matter. Please any tax Gao Shou correct, and add your tips.
i do not think you can deduct all closing cost, mortgage interest and property tax are deductable, but not other fees.
i guess for rental property you can, as they are business expense.
http://www.realestateabc.com/taxes/deductible1.htm
When most people buy a home, they generally obtain a mortgage. Mortgages have costs and one of those costs is the "loan origination fee." The loan origination fee is usually a percentage of the loan amount, generally expressed as "points."
For example, one "point" on a $150,000 loan would be $1500. One and a half points on the same loan amount would be $2250.
On VA and FHA loans, points are often broken down into two categories: loan origination fee (which is usually one point) and discount points (which are also a percentage of the loan balance). Both are deductible.
The loan origination fee must be expressed as points in order for it to be tax deductible.
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When buying a home, points are deductible in the year they are paid, providing they meet certain conditions. The main conditions are that the mortgage is secured by the home you live in most of the time and that you used this mortgage to either purchase or build your home.
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Points paid to finance the purchase of a second home must be deducted over the life of the loan, not in the year in which they are paid.
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If you make too much money, there are limits on what you can deduct, and for that you should see a Certified Public Accountant. In the year 2000, if your "adjusted gross income" was over $128,950 there is a limit placed on what can be deducted. For married couples filing separately, the figure is half that
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With two exceptions, other closing costs are not deductible. Those exceptions are pre-paid interest and pro-rated property taxes.
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