Tax Deductions for Vacation Homes

You can rent out a vacation home for as many as 14 days per year without paying taxes on your rental income.

Tax Deductions for vacation homes vary greatly depending on how much you use the home and whether you rent it out. Effort: Med 2 hrs/wk (manage property) Saves: Med $488 (on $100,000 AGI)   A vacation home offers a break from the daily grind, but it can also offer a break from taxes. The IRS […]

Maintain Your Vacation Home

Home door with keyless entry lock

Plan to spend time and money to maintain your vacation home, no matter if you hire a property manager or local caretaker, or do the work yourself. Effort: Low 3-4 hours (emergency list) Investment: Low $100 (basic keyless entry) How you’ll maintain your vacation home might not be at the top of the list as you […]