Free solar panels, the TV ads say. Earn solar panels tax credits from the IRS, they tell you! When you see these ads that allow you to generate your own home solar power, are you impressed? Is Uncle Sam going to pick up 30% of your cost, like they promise? Is it true you only have to come up with the other 70%? Well, that is not necessarily the whole picture.
What Are the Tax Advantages of Home Ownership?
Housing is a big expense for everyone. The choice generally involves either renting or purchasing – and financing that purchase with a home loan. This article looks at the tax benefits and drawbacks of buying, financing, and owning a home.