Homeowners will see a number of key changes take effect in the very near future. If you own property, here’s what you can expect:
Increased standard deduction: The standard deduction would nearly double, to $12,000 for single filers and $24,000 for joint filers.
(If you have a fairly small mortgage, you’ll likely now be using the standard deduction rather than Itemizing on Schedule A.)
If winterizing your home is a foreign term to you, here’s a little expert advice. This is a good time of year to prepare your home for winter, because as temperatures begin to dip, your home will require maintenance to keep it in tip-top shape through the winter. Focus on upgrading and maintaining items that keep the cold air out and make your heating more efficient.
Follow these 10 winterizing tips to both decrease cold weather utility bills and make your home a cozier, more comfortable place in which to live!
