2013 News for Your U.S. Income Taxes

Two week income tax free rental income!

You can now rent your home our for less than 15 days during the year and the rental income is income tax free. In fact, you do not have to report the income from renting your home on your Federal income tax return.

You do not even have to be next to a baseball or football stadium or on a golf course to have the benefit of this tax break, although it is nicknamed the "Masters provision."

This benefit also works for owners of vacation homes or second homes. Check with your tax professional to see how this can work for you.

If you are in need of advice from a reliable Hinsdale attorney, contact the Law Offices of Martoccio & Martoccio at 630-920-8855.

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phone 630-920-8855
address15 North Lincoln Street, Hinsdale, IL 60521
phone 331-588-6611
address21 North 4th Street, Geneva, IL 60134
Our firm handles family law and personal injury matters for clients in Chicago and throughout the western suburbs including DuPage County, Will County, Kane County, Cook County and the cities of Aurora, Bloomingdale, Bolingbrook, Burr Ridge, Carol Stream, Darien, Downers Grove, Elmhurst, Glen Ellyn, Hinsdale, Joliet, Kendall County, Lombard, Naperville, Oak Park, Oak Brook, Oakbrook Terrace, Clarendon Hills, Oswego, Park Ridge, Roselle, St. Charles, Geneva, Villa Park, Warrenville, Wheaton, Western Springs, LaGrange, Winfield, Woodridge and Yorkville.

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