Tax Insight pp 295-304 | Cite as

Your Residence

After Taxes, Your Home May Be Your Biggest Expense—It May Also Be a Great Tax Deduction
  • M. Casey Murdock


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.


Heat Pump Home Equity Mortgage Interest Mortgage Insurance Geothermal Heat Pump 
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Copyright information

© M. Casey Murdock 2013

Authors and Affiliations

  • M. Casey Murdock
    • 1
  1. 1.CAUS

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