Vacation Homes & Tax Breaks

Are you one of the millions of Americans who owns a vacation home? According to an online article in the South Coast Today, many vacation homeowners “often fail to maximize their tax savings from their part-time residences.” The article advises that by “…keeping simple tax records for your second home can result in saving hundreds or even thousands of tax dollars.” It suggests four different ways you may be able to save.
Realty tax tips: Vacation and second home tax breaks