Tax Deductions for Vacation Homes

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

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 […]