Owning a Second Home Gives Certain Tax Advantages

For most of us, our primary home is located near our workplace, but our second home is situated in a place where we want to settle down permanently after retirement. Your second home shouldn’t just be a retirement or vacation home, but it should also provide you certain tax advantages. Let’s take a look at some of the tax benefits that your second home can generate.Eligibility for tax benefitsYour vacation home can be a condo, a standalone house, apartment, duplex or cabin. It can even be a vehicle...

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