5 Tax Deductions Home Sellers Should Consider Taking

TWL_2016_Jan_Blog8If you sold your home in 2015, you may be able to take advantage of five tax benefits this season that could significantly reduce the amount of taxes you owe. According to Trulia, if you plan to itemize your taxes, you can deduct any costs you incurred to sell your home. That includes the commission you paid your real estate agent as well as title insurance, legal fees, inspection fees and advertising costs. You can also deduct the cost of any home improvements you made prior to selling your home–as long as they occurred within 90 days of closing.

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