Homeowners Tax Deduction Lessens Tax Day Trauma
By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
Sometimes life throws curves your way. It can put you into situations you never intended—which may be hard to explain. That’s how it is with me and the tax collector.As we recently experienced, there’s nothing like Tax Day to bring home the reality of just how many dollars are diverted into government coffers. Instead of quietly resting in our Marin bank accounts where they belong, great bunches of our dollars are dispatched to the tax collector, thinning the ranks of their fellows in the bank. They’ll be left to face the future alone. I’d be tempted to paint a picture of our remaining cash left shivering in the dark—but that might be overly dramatic. Let’s just say there would be a lot more of it were it not for April 15.As usual, this past April 15 again forced us to put it all on pap...
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