TAX DEDUCTIONS FOR HOMEOWNERS


always consult with your tax adviser or certified public accountant

More Tax Advice

Tax Time Is Now

Tax Tips for You and Your Clients

7 Not To Be Missed Tax Deductions: From mortgage interest to property tax deductions, here are the general tax deductions your clients need to know about.

Mortgage-Related Deductions: If your clients took out a mortgage when they purchased a home, they may be able to deduct the prepaid interest on their federal tax return, but only if they meet a list of requirements.

Tax Advice if you Sold Your Home: The money spent on so-called capital improvement could also help lower your clients’ tax bills when it comes time to sell.

Tax Benefits if you Work From Home: Working from home? This tax guide shares deduction options that could save you time and money.

Tax Tips for Rental Properties: Renting out a home can be a lot of work, but you’ll appreciate collecting the rent checks and taking advantage of these tax deductions.

How Long do you Keep Tax Records Anyway? If you’re going to file a claim or take a deduction, it’s imporant to have the paperwork to back it up. This guide let’s you know what tax paperwork to keep and what paperwork to throw away.

Source: “A Homeowner’s Guide to Taxes,” Houselogic, (Feb. 9, 2015)


About Brian Heafy

After a 30 year career in the information technology/professional services industry Brian began his second career as a real estate professional in 2012.

Brian began his career in 1982 with the United States Marine Corps as a systems analyst providing software project management and implementation services to Marine Corps Aviation Logistics Squadrons in Iwakuni, Japan and later as a defense contractor assigned as lead technical program manager to the Navy Management Systems Support Office in San Diego.

Brian went on to serve as technology manager for the City of Coral Springs, then joined a publicly traded government (ERP) software and professional services provider in Lake Mary, Florida as VP of the company’s Public Safety & Justice Systems group where he and his teams supported over 450 small, medium and large Police, Fire, Courts and EMS agencies across the U.S. and Caribbean. Brian also served in technology management positions supporting commercial off the shelf software enterprise resource management systems finance and administration application software and public safety and justice systems application software projects for the City of Orlando and Orange County Clerk of Courts.

Brian’s in-depth understanding of governmental operations and contract management is a benefit to his real estate clients, so much of what gets accomplished in today’s real estate industry deals with understanding government databases, brokerage disclosures, banking and governmental regulations each with their own set of established procedures – at all levels of government (local, county, state, federal).

Brian holds a Bachelor’s degree in Business from Barry University. A Licensed Florida Real Estate Broker and member of the Greater Orlando Regional Realtors Association, member of the Marine Corps Association and former Web Sergeant for the United States Marine Corps League in Orlando, Florida. A native Floridian Brian and his wife Yoshiko have been married over 32 years and have two grown children.