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2. 11 Tax Deductions You Can Take If You Have Rental Income - AOL

   www.aol.com/11-tax-deductions-rental-income...

   Here’s a list of common tax deductions if you have rental income: Mortgage interest. Property tax. Operating expenses. Depreciation. Repairs, including materials and supplies. Interest. Taxes ...

3. Are Home Improvements Tax Deductible? - AOL

   www.aol.com/finance/home-improvements-tax...

   Home improvement tax deductions: You may be able to deduct certain homeownership expenses, including local and state real estate taxes. File Form 1040 on your individual income tax return or, if ...

4. Rental Property Tax Deductions - AOL

   www.aol.com/news/rental-property-tax-deductions...

   Being a landlord can significantly bolster your savings, but it’s also a lot of work. On top of the finances and responsibilities of your own living space, you have to find tenants, secure ...

5. State and local tax deduction - Wikipedia

   en.wikipedia.org/wiki/State_and_local_tax_deduction

   For US federal income tax purposes, state and local taxes are defined in section 164(a) of the Internal Revenue Code as taxes paid to states and localities in the forms of: (i) real property taxes; (ii) personal property taxes; (iii) income, war profits, and excess profits taxes; and (iv) general sales taxes.

6. Federal roofing tax credit for energy efficiency - Wikipedia

   en.wikipedia.org/wiki/Federal_Roofing_Tax_Credit...

   The federal roofing tax credit for energy efficiency is dependent on the cost of the materials used in the renovation. A consumer could only receive a tax credit of up to 30% of the material cost, up to a maximum of $1,500. This credit is for funds spent on the energy-star approved materials, not on installation or labor cost.

7. Adjusted basis - Wikipedia

   en.wikipedia.org/wiki/Adjusted_basis

   In tax accounting, adjusted basis is the net cost of an asset after adjusting for various tax-related items. [1] Adjusted Basis or Adjusted Tax Basis refers to the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures. Example: Muhammad buys a lot for $100,000. He then erects a retail ...

8. Is Rent Tax Deductible? - AOL

   www.aol.com/rent-tax-deductible-184415469.html

   In general, you cannot write off rent as a deduction on your federal income taxes. However, you can deduct rent if you use part of the apartment or home exclusively on a regular basis as your ...

9. Amortization (tax law) - Wikipedia

   en.wikipedia.org/wiki/Amortization_(tax_law)

   In tax law, amortization refers to the cost recovery system for intangible property.Although the theory behind cost recovery deductions of amortization is to deduct from basis in a systematic manner over an asset's estimated useful economic life so as to reflect its consumption, expiration, obsolescence or other decline in value as a result of use or the passage of time, many times a perfect ...