Top 9 sins home owners make on their tax returns

Owning a home is a great way to reduce (write off) some of your tax liabilities…but watch out for the following common tax-filing errors to avoid running afoul of the IRS.

• Sin #1: Deducting the wrong year for property taxes
• Sin #2: Confusing escrow amount for actual taxes paid
• Sin #3: Deducting points paid to refinance
• Sin #4: Misjudging the home office tax deduction
• Sin #5: Failing to repay the first-time home buyer tax credit
• Sin #6: Failing to track home-related expenses
• Sin #7: Forgetting to keep track of capital gains
• Sin #8: Filing incorrectly for energy tax credits
• Sin #9: Claiming too much for the mortgage interest tax deduction