Ways Your House Can Make You Money

Here are some tax strategies for home owners:

• The "2 in 5" rule: if you've lived in your home for two out of the previous five years, you get a tax break when you sell it
  
• Rent out part of your home: for "rental property" income now and tax benefits when you sell the property
  
• Create a home office: this is handy if you've got a high income that is preventing you from taking the full mortgage interest deduction
  
• Move out early -- and still save: if you have to sell your home under certain unforeseen circumstances
  

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