The Internal Revenue Service (IRS) offers a tax deduction for home casualty losses. This is an itemized deduction, so qualification depends on the personal finances of a taxpayer. Deductions drop taxable income and the amount of tax owed, and can therefore be helpful to a home owner. This article provides advice on Florida real estate casualty loss tax write-offs. Definition of a Casualty Loss The …
Energy Tax Credit Guidance For Florida Home Owners
There are two different tax credits offered for homeowners who make energy efficient upgrades. Credits directly reduce the amount of tax owed and will, therefore, save money. This blog provides energy tax credit guidance for Florida home owners. Two Different Tax Credits The Wind, Solar, Geothermal and Fuel Cell Tax Credit This tax credit is good for existing properties and new construction, only …