Moving out of state or around the corner can wrack up a hefty bill sometimes. From movers, to U-Hauls, to new furniture, it all adds up. The good news is, there are money saving options!
First Time Homeowners
If you’re buying your first home, you can take courses and potentially earn savings towards Closing Costs.
Project Home is our #1 free course resource in Madison. Talk to them and your lender to see if you’d qualify for tax deductions for taking the course.
IRS.gov Tax Information For Homeowners covers everything from Real Estate taxes to Mortgage Insurance Premiums. If you want to know exactly what’s deductible and what’s not, this is it.
City of Madison offers a few First Time Home Buyer resources – including The American Dream and Home Buyers Round Table.
Relocation Tax Deductions
If you’ve relocated for work, it is probably deductible! The IRS.gov Moving Expenses site has tons of great information on how to report tax deductions, while TurboTax.com Moving Expenses page has a more straight forward description of what’s deductible in moving.
