Can I Tax Deduct Moving Expenses

Can I Tax Deduct Moving Expenses?

melaniecameron Home Buyer Tips Leave a Comment

Q. Can I Tax Deduct Moving Expenses? A. Yes, if your move is due to a change in jobs or business locations and your home meets certain requirements. The first is a CLOSENESS requirement. You must have moved within 1 year of reporting to your new job or business location. The second is a DISTANCE requirement. Your new home and …

Taxes

10 Tax Tips from the IRS for Individuals Selling Their Home

melaniecameron Home Seller Tips Leave a Comment

If you’re like me, you try to avoid thinking about tax season as much as possible. “Tax Season”. Even the name makes me shudder. But if you’re selling your home, it’s important to keep in mind the tax impact the sale will have. Monthly, the IRS gives tips on how to best prepare for annual/quarterly taxes. Recently, they updated their …

Property Tax Values

How Do I Appeal My New Hanover County Property Tax Value?

melaniecameron General Real Estate , Homeowner Tips Leave a Comment

Have you received a letter from New Hanover County stating your annual property tax value? Do you disagree with the county’s valuation and think you’re paying too much? If so, you can formally challenge their decision, if you have a legal right to have your property’s value reduced. According to their website, you have a legal basis for a reduction …