Property Tax Deductions

Jon Anderson: How Real Estate Transaction Non-Disclosure Cheats All Taxpayers

By Jon Anderson / March 23, 2016 /

Taxes are paid so that government can pool monies that enable it to embark on projects that enrich society as a whole. When government is underfunded, education and infrastructure suffer. Anyone who jumped for joy at their measly property tax reduction this year also abdicated their right to complain about DISD, potholes, or Fair Park. …

Taxes and Second Homes: Will Buying a Second Home Help Lower My Income Taxes?

By Candy Evans / April 19, 2011 /

God, I wish I could say yes, but more likely, just maybe. Or how about, fat chance? I checked with my wonderful CPA firm, Judd, Thomas Smith & Company, who says you may still deduct mortgage interest on a second home and also property taxes but watch it: that alternative minimum tax, a complicated Congressional…