Understanding Joint Home Ownership and Its Tax Implications Home ownership comes with a variety of tax benefits, including deductions for mortgage interest, property taxes, and even credits for energy-efficient home improvements. But what happens when you share ownership of a home with a spouse, partner, or roommate? Joint home ownership can make home ownership more […]
Tag: tax benefits
Maximizing Your 529 Plan: New Rules and Smart Strategies Your ambitious in-laws generously funded a 529 account to help your little one finance an Ivy League education. Then your child opted for a less-expensive state school instead. Is there any way to use the leftover funds in the 529 account without paying penalties and taxes? […]