FRIDAY, FEBRUARY 25, 2011
|February 24, 2011 |
61% of Homeowners Overpay the IRS!
Homeowners should always plan for tax season and seek expert advice. Failure to do so can cost you thousands of dollars.
We recently came across a tax statistic that blew us away. In 2002 (the only year the study was conducted), 61% of homeowners did not claim their homeowner's tax deductions on their income taxes.
Let's make that really clear. It doesn't mean that 61% of homeowners didn't pay enough in mortgage interest and property taxes to take the deductions. It means that 61% of homeowners who were eligible to take the deductions and would have saved on their income taxes took the standard deduction (and paid a higher tax bill) instead.
That's right! Those folks said "No thanks" when Uncle Sam tried to give them back some of their own money—on a silver platter!
Read more to learn how A Few Minutes Could Save Hundreds
Posted 1:08 PM
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