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Celebrate Thanksgiving Stylishly in Your Home

by Melissa Dierks

26 November, 2013

playing games in your homeThanksgiving traditions in your home can create some of the best memories for years to come. We can all think back to our childhoods and remember certain foods, dishes, games, or ways to give thanks. We grasp onto the wonderful memories and may try to forget the ones involving sketchy green Jell-O with mayonnaise in it. You may continue some of those same traditions in your home, or decide they are not really your style and search for new traditions to start with your own family.

Ideas to Encourage Fun in your Home

  • Plan a special breakfast to eat every Thanksgiving morning while watching the parade on television.
  • Bring out special Thanksgiving decorations and dishes to make the day unique.
  • Start a special way for your family to express what they are thankful for.
  • Perhaps your family could find a service project to participate in on or near Thanksgiving to give back to the community, or open your home to those without family in the area.
  • Choose a game or activity that everyone participates in after the meal.

Laughter is one of the best sounds to hear in your home. Even though laughing may be a little hard on a full stomach, it is worth the effort to find traditions that spread joy in your home.

Considered Making Your Home in Two Houses?

by Melissa Dierks

Buying a second property as your home Even if you love your home and have not thought about buying a second one, you may reconsider after learning about the tax breaks available to those who own a second home. Many politicians and celebrities use their ownership of several homes to ease their tax burden and so can you! Buying real estate is good for the economy on all levels, so our government grants some special tax breaks to encourage this behavior. Low interest rates may make this option even more viable, too!

If you do not rent out your home, or your second home, all interest up to $1.1 million can be deducted from your income. If you decide to rent out your home, things change a bit and you have to report that income. However, if you rent out your home for fourteen days or less, it does not count. You could rent your home out for $30,000 for one week and the IRS would not care. It only counts past that fourteenth day.

In addition, you can deduct the property taxes from each and every home that you own. Lastly, owning a second home can allow you to reside in a state with more favorable taxes. As long as you live in a state for over half of the year, you can file your taxes in that state. Enjoy weekend getaways and tax breaks if you consider buying a second home and smile as you make your purchase.

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Melissa Dierks
Keller Williams Professional Partners
7025 W Bell Road, Suite 10
Glendale AZ 85308
Direct: (623)229-0154
Office: (623)643-1092
Fax: (623)201-7562

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