Call Us Today: (201) 947-8081 or (646) 688-2807

Summertime Tax Tip

Tax-Tips

If you itemize tax deductions on your income tax return, you can deduct the mortgage interest and property taxes paid for your vacation home.

A boat or RV can qualify as a vacation home if it has sleeping quarters, cooking facilities, and a bathroom. If a vacation home also serves as a part-time rental, you can control your tax deductions by changing the number of days you use it yourself.

For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at info@bergencountycpa.com.

 

Comments are closed.

Latest Articles

Our Location

1330 Ave of the Americas, Suite 23A, New York, NY 10019
15-07 Alden Terrace, Fair Lawn, NJ 07410
One Bridge Plaza, Fort Lee, NJ 07024