Category Archive: Home Improvements and Repairs

Apr
29

What are the hidden costs of owning a home?

costs_of_home_ownership

Good question, with lots of answers.  The fact is that—aside from the price of a home—owning a home comes with a number of responsibilities and choices, all of which have price tags associated with them. Most people know the about the obvious costs: the cost of purchasing the home and the cost of financing the …

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Mar
29

How do I claim a residential energy credit on my federal income taxes?

electric_plug_outlet

In an effort to give homeowners and incentive to make their homes more energy efficient, the federal government offers a tax credit of up to $1,500 for people who make certain improvements to their homes. Use Form 5695 to claim this deduction. The improvements must be for your main home, not a second home or …

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