Your Residence

M. Casey Murdock

Chapter Chapter 27 in TAX INSIGHT, 2014, pp 293-302 from Springer

Abstract: Abstract As a general principle, the tax code allows you to take a deduction for expenses that you incur in an effort to create income. The allowance of these deductions encourages people to invest in things that increase their income—increasing taxes as a result. That is why most expenses related to a business are allowed as deductions, when those same items are not deductible when used for personal reasons.

Keywords: Heat Pump; Home Equity; Mortgage Interest; Mortgage Insurance; Geothermal Heat Pump (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4842-0629-4_27

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DOI: 10.1007/978-1-4842-0629-4_27

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