What COST OF MAINTAINING A HOME means: Expenses necessary to maintain a taxpayer's residence. These costs include rent or mortgage interest and real estate taxes, fire and casualty insurance on the dwelling, upkeep and repairs, utilities, paid domestic help, and food consumed in the home. This figure is used to determine whether a taxpayer qualifies to use the head of household status.
- Definition Claim Of Right:
- Dictionary able to deduct or, in some cases, claim a credit for amounts the taxpayer is required to repay that the taxpayer included in income in a prior year or years under a claim of right. The term " cost of maintaining a home definition.
- Definition Common-Law State:
- Dictionary A state in which the laws governing property rights are based on British common law. The property and income of each spouse belongs to him or her separately cost of maintaining a home explain.
- Definition Commuting:
- Dictionary Traveling from one's residence to one's regular place of business and back to the residence cost of maintaining a home what is.
- Definition Condemnation:
- Dictionary property by a public authority. The property is condemned as the result of legal action and the owner is compensated by the public authority. The power to condemn property is known as the right of cost of maintaining a home meaning.
How works Cost of Maintaining a Home meaning in Tax definitions C .
