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Make sure you know all the tax deductions of owning a home! You know that you can get an income tax deduction on the mortgage interest you pay. But there are other tax deductions you can take on your principal residence or second home -- such as property taxes -- and in some cases the cost of Private Mortgage Insurance.
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A new baby also delivers a $1,000 child tax credit, and this is a gift that keeps on giving every year until your dependent son or daughter turns 17. You get the full $1,000 credit no matter when during the year the child was born. Unlike a deduction that reduces the amount of income the government gets to tax, a credit reduces your tax bill dollar-for-dollar. Online Coupon not required. Please click the above link to activate Online Coupon.
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