Shows how to take advantage of the many tax breaks available to homeowners There are 65 million homeowners in the U.S. and there are almost as many tax savings opportunities offered to them. Unfortunately, beyond the most common tax breaks, homeowners are typically in the dark. Worse, some may know about a particular tax break, but not know how to take it. This is the perfect resource for all homeowners. J. K. Lassers Homeowners Tax Breaks is a lively, plain English guide to the dozens of income tax savings opportunities currently available to homeowners. In accessible language, it skillfully explains both well-known opportunities, such as how to obtain tax-free gains on the sale of a home, and little known benefits, including how to obtain tax-free short term rents and how to get tax-free cash out of a home when trading up. Homeowners will learn how they can save tax money by acting on any of these great tips: How to deduct all of your real estate taxes How to deduct your home office expenses How to get the government to pay for home damages And many more