Tax Tips from Houselogic.com

With taxes due in about six weeks, now is a good time to do some tax planning for the future. Houselogic.com gives some great tips on how to maximize your deductions for mortgage interest and home equity loans. Here's a "preview" of the article:

"In general, individuals and couples filing jointly can deduct the interest on up to $1 million ($500,000 if you’re married and filing separately) in combined home loans, as long as the money was used for acquisition costs, that is the cost to buy, build, or substantially improve a home."

Read the full article here. And of course, be sure to consult with a tax professional if you have questions.