Mercury Insurance Offers Homeowners Recommendations on Tax Deductions That Could Save You Thousands
Mercury Insurance (MCY) has released tax preparation guidance for homeowners, highlighting key deductions that could result in significant savings. The company emphasizes the importance of thorough documentation, especially with the rise in remote work arrangements.
The advisory outlines several important deductions including:
- Mortgage interest deductions up to $750,000 for single filers or married couples filing jointly
- Property tax deductions up to $10,000 for joint filers or $5,000 for single/separate filers
- Home office expenses for dedicated workspace
- Energy-efficient improvement credits available through 2032
- Home equity loan interest when used for home improvements
Mercury's Senior Product Manager, Adam Bakonis, stresses the significance of reviewing these deductions with tax professionals to maximize potential returns.
Mercury Insurance (MCY) ha pubblicato una guida alla preparazione fiscale per i proprietari di casa, evidenziando le principali detrazioni che potrebbero portare a risparmi significativi. L'azienda sottolinea l'importanza di una documentazione accurata, soprattutto con l'aumento delle modalità di lavoro da remoto.
Il documento di consulenza delinea diverse detrazioni importanti, tra cui:
- Detrazioni sugli interessi del mutuo fino a $750.000 per i contribuenti singoli o le coppie sposate che presentano congiuntamente
- Detrazioni sulle tasse di proprietà fino a $10.000 per i contribuenti congiunti o $5.000 per i contribuenti singoli/separati
- Spese per ufficio domestico per spazi di lavoro dedicati
- Crediti per miglioramenti energetici disponibili fino al 2032
- Interessi sui prestiti garantiti da equità della casa quando utilizzati per miglioramenti domestici
Adam Bakonis, Senior Product Manager di Mercury, sottolinea l'importanza di esaminare queste detrazioni con professionisti fiscali per massimizzare i potenziali rimborsi.
Mercury Insurance (MCY) ha publicado una guía de preparación de impuestos para propietarios de viviendas, destacando las deducciones clave que podrían resultar en ahorros significativos. La empresa enfatiza la importancia de una documentación exhaustiva, especialmente con el aumento de los arreglos de trabajo remoto.
El asesoramiento describe varias deducciones importantes, incluyendo:
- Deducciones de intereses hipotecarios de hasta $750,000 para declarantes individuales o parejas casadas que presenten conjuntamente
- Deducciones de impuestos sobre la propiedad de hasta $10,000 para declarantes conjuntos o $5,000 para declarantes individuales/separados
- Gastos de oficina en casa para espacios de trabajo dedicados
- Créditos por mejoras energéticamente eficientes disponibles hasta 2032
- Intereses de préstamos sobre el capital de la vivienda cuando se utilizan para mejoras en el hogar
Adam Bakonis, Gerente de Producto Senior de Mercury, enfatiza la importancia de revisar estas deducciones con profesionales de impuestos para maximizar los posibles reembolsos.
머큐리 보험 (MCY)는 주택 소유자를 위한 세금 준비 지침을 발표하며, 상당한 절세 효과를 가져올 수 있는 주요 공제를 강조했습니다. 회사는 특히 원격 근무 방식의 증가로 인해 철저한 문서화의 중요성을 강조합니다.
이 자문에서는 다음과 같은 몇 가지 중요한 공제를 설명합니다:
- 단독 신고자 또는 공동 신고 부부를 위한 최대 $750,000의 주택 담보 대출 이자 공제
- 공동 신고자를 위한 최대 $10,000 또는 단독/별도로 신고하는 경우 $5,000의 재산세 공제
- 전용 작업 공간을 위한 홈 오피스 비용
- 2032년까지 제공되는 에너지 효율 개선 크레딧
- 주택 개선에 사용된 주택 자산 대출 이자
머큐리의 수석 제품 관리자 아담 바코니스는 이러한 공제를 세무 전문가와 검토하여 잠재적 환급을 극대화하는 것이 중요하다고 강조합니다.
Mercury Insurance (MCY) a publié des conseils de préparation fiscale pour les propriétaires, mettant en avant des déductions clés qui pourraient entraîner des économies significatives. L'entreprise souligne l'importance d'une documentation complète, surtout avec l'augmentation du télétravail.
Le conseil présente plusieurs déductions importantes, notamment :
- Déductions d'intérêts hypothécaires jusqu'à 750 000 $ pour les déclarants uniques ou les couples mariés déclarant ensemble
- Déductions fiscales sur la propriété allant jusqu'à 10 000 $ pour les déclarants conjoints ou 5 000 $ pour les déclarants uniques/séparés
- Dépenses de bureau à domicile pour un espace de travail dédié
- Crédits pour améliorations énergétiques disponibles jusqu'en 2032
- Intérêts sur les prêts hypothécaires lorsque utilisés pour des améliorations de la maison
Adam Bakonis, Responsable Produit Senior chez Mercury, souligne l'importance de passer en revue ces déductions avec des professionnels de la fiscalité pour maximiser les remboursements potentiels.
Mercury Insurance (MCY) hat eine Steuerberatung für Hausbesitzer veröffentlicht, die wichtige Abzüge hervorhebt, die zu erheblichen Einsparungen führen können. Das Unternehmen betont die Bedeutung einer gründlichen Dokumentation, insbesondere mit dem Anstieg von Homeoffice-Arbeitsplätzen.
Die Beratung beschreibt mehrere wichtige Abzüge, darunter:
- Hypothekenzinsabzüge bis zu $750.000 für alleinstehende Steuerzahler oder verheiratete Paare, die gemeinsam veranlagen
- Grundsteuerabzüge bis zu $10.000 für gemeinsame Steuerzahler oder $5.000 für alleinstehende/gesonderte Steuerzahler
- Bürokosten für ein dediziertes Arbeitszimmer
- Steuergutschriften für energieeffiziente Verbesserungen, die bis 2032 verfügbar sind
- Zinsen aus Eigenheimkrediten, die für Hausverbesserungen verwendet werden
Adam Bakonis, Senior Product Manager von Mercury, betont die Bedeutung, diese Abzüge mit Steuerprofis zu überprüfen, um potenzielle Rückerstattungen zu maximieren.
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Make a Checklist to Review with Your Tax Preparer
Most of us are accustomed to deducting our mortgage insurance, but with more people now working from home, it becomes even more important to make sure you are including all aspects related to that space. That might include everything from investment in energy saving upgrades like energy efficient windows, to your cell phone and computer equipment. Missing these items can cost you a great deal of money in the long run.
"Mercury recommends that all homeowners set aside time to review homeowners deductions with your CPA or accountant," said Adam Bakonis, Sr. Product Manager for Mercury Insurance. "Missed deductions can wind up costing you thousands of dollars."
Here are some of the most common deductions for homeowners:
Mortgage interest – The interest you pay on your mortgage is deductible up to
Property taxes – Your property taxes are deductible up to
Home office expenses – With working from home more common than ever, you may be able to deduct some of the expenses necessary to operate an office space. Check with your tax professional to validate requirements, including determining how much time you need to spend working from your dedicated home workspace(s).
Energy credits – For those making qualified energy-efficient improvements to your home after January 1, 2023, you may be eligible for IRS Energy Credits. You can claim the credit for improvements made through 2032.
HOA fees – HOA fees are generally not deductible when it comes to your taxes, but if you own the property for investment purposes and rent to a tenant, you may be able to deduct certain expenses.
Home equity loan interest – It is important to remember that home equity funds can only be used as a deduction if the funds were used to improve your home, such as a kitchen or bath remodel.
There are potentially thousands of dollars in deductions available to homeowners. It is important to explore all of your options and, if necessary, consult with your tax advisor to make sure you are receiving your maximum refund and not leaving any of your hard-earned money on the table.
About Mercury Insurance
Headquartered in
Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultra-competitive rates with excellent customer service, through nearly 4,100 employees and a network of more than 6,500 independent agents in 11 states. Mercury has earned an "A" rating from A.M. Best, as well as "Best Auto Insurance Company" designations from Forbes and Insure.com. For more information visit www.MercuryInsurance.com or follow the company on Twitter or Facebook.
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SOURCE Mercury Insurance
FAQ
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