American Tax Service

Helping Americans File Their Taxes

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Capital Gains and Your Home Sale

Capital gains on home and real estateDid you know that one of your best tax breaks available might be selling your home?

Homeowners are already aware that there are numerous tax breaks available during tax season, such as mortgage interest and property tax deductions. However, what many do not know is that a large portion of homeowners who sell their homes … Read the rest

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Tips for Claiming the Home Office Deduction

In order to claim the home office deduction it is important that you know the square footage of your entire home and your home office. Auditors do not usually make home visits. If you send them photos of your home office, that is usually all of the verification that they need.

Determine Which Method to

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Home Energy Tax Credits

Tax season is going to be here before you know it. Therefore, now is the time to make sure that you have made all of the energy efficient upgrades to your home.

By having an energy efficient home, you will save money on your bills and you can pay less money to Uncle Sam. Below … Read the rest