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Anything I can do for tax breaks next year while building a house?
Posted on 3/20/15 at 10:01 pm
Posted on 3/20/15 at 10:01 pm
We just broke ground, and the house should be finished by September. Is there anything that I should do so that I can have write offs next year? Or am I completely nuts for thinking this is possible?
3
Posted on 3/22/15 at 12:16 pm to HoLeInOnEr05
If you are subbing out yourself and pay for all materials directly, you can deduct the sales tax.
Eta: this is a year where your sales tax should exceed state income tax. You can deduct sales tax for everything you purchase directly.
Eta: this is a year where your sales tax should exceed state income tax. You can deduct sales tax for everything you purchase directly.
This post was edited on 3/22/15 at 12:19 pm
Posted on 3/22/15 at 3:06 pm to HoLeInOnEr05
Look at what qualifies for energy credits - windows, doors, heating/cooling units etc.
Posted on 3/23/15 at 4:20 pm to HoLeInOnEr05
PAY YOUR FAIR SHARE DEADBEAT
Just kidding, good luck on the house.
Just kidding, good luck on the house.
This post was edited on 3/23/15 at 4:21 pm
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