IRS Publication 530

IRS Publication 530, titled "Tax Information for Homeowners," provides guidance on tax benefits and responsibilities associated with home ownership. It covers topics such as mortgage interest deductions, property tax deductions, and the capital gains exclusion when selling a home. It also explains how to report home-related expenses like improvements or losses. This publication aims to help homeowners understand how to maximize their tax benefits while ensuring compliance with IRS rules. Overall, it serves as a valuable resource for anyone looking to navigate the tax implications of owning a home.