Each year around April, we can find ourselves becoming a little more tense at the thought of what is about to occur: tax time. Instead of falling into the trap of procrastinating your taxes, however, it's much more beneficial to face tax time head-on and do your research on your applicable deductions well in advance. Your home is good for many things, but using your home to reduce your tax burden may be one benefit you haven't thought of. Here are some tax benefits that can be leveraged with your home, and some ways to lower your tax bill in 2014. Deduct Interest On Home Loans Though interest paid on personal loans isn't deductible on your tax return, interest paid on mortgages is. Home … [Read more...]