Improving your home? Dive right in — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Q. I’m planning to refinance our home to upgrade our pool and patio area. Can I still deduct the full amount of mortgage interest? L.P., Jupiter, Fla.
A. Probably. Normally, you can deduct the interest on a loan that refinances home acquisition debt of up to $1 million. Then you can generally deduct interest on up to another $100,000 of additional debt taken out in the refinancing under the home equity debt rule.
Tip: Not all home equity debt interest qualifies as deductible for alternative minimum tax (AMT) purposes. See a tax pro for AMT complications.
Widely considered one of the most gifted presenters ever, Steve Jobs understood how to deliver memorable speeches in a seemingly effortless, engaging manner. His conversational tone, simple yet compelling word choice and masterful use of slides and other props helped reinforce his message in winning ways....Click here to find out more.