Pruitt Real Estate Group

Somehow, it’s 2024, and it’s already time to start prepping those tax returns. If you bought a house in 2023, congratulations! 🎉 This post is for you!

Here are the documents you need to provide your accountant if you purchased a home in 2023:

➊ Closing statement.
The settlement statement provides the figures you will need to claim any first-time homebuyer's tax credit, as well as any of the interest or tax payments you want to deduct that are not included on your Form 1098 or property tax statement. This would include any additional points you paid or property tax paid into a lender's escrow account.

➋ 1098 Form.
The 1098 is your mortgage interest statement. It shows how much interest you paid on your mortgage loan over the year.

➌ Property tax statement.
Property taxes are also deductible, and while they’re often noted on your 1098 forms and closing statements, there’s a chance they might not be — particularly if you chose not to use an escrow account.

➍ Home improvement receipts.
Typically, home improvements aren’t deductible, but there are some cases when they might be. If your updates were medically related, or if they improve your home’s energy efficiency (like a solar panel system or adding additional insulation), they might qualify you for a write-off or tax credit.

Have questions? Shoot me a message! Don't forget to save this post for later!

Selling a home involves navigating many complexities, and having a knowledgeable and experienced agent by your side can make all the difference. In fact, statistics show that real estate agents typically sell homes for around 26% MORE on average than those who choose to sell on their own — effectively offsetting those agent commissions that many sellers aim to avoid.

And as for daylight savings? Well, let's just say it's one of those mysteries we'll never quite figure out.

Feeling overwhelmed by the mere thought of spring cleaning? Progress can be motivating, so if you need a quick win, here are 6 simple steps you can take to help get you started.

PRO TIP: If you want to tackle a larger space first, try the bathroom. Most people don't store sentimental items in their bathroom... and with less of an emotional attachment, you can toss a lot of stuff without feeling guilty!

Remember, Rome wasn't built in a day, and neither is a perfectly clean home. Take it one step at a time!