Tax Deductions for Vacation Homes
Tax Deductions for Vacation Homes By: Donna Fuscaldo Published: August 12, 2016 Tax deductions for vacation homes vary greatly depending on how much you use the home and whether you rent it out. A vacation home offers a break from the daily grind, but it can also offer a break from taxes. The IRS allows most owners to lower taxable income by taking tax deductions for vacation homes. What's deductible depends on a number of factors, [more...]