Here are six tax-saving tips for all you happy homeowners. Following even one of them could cut your tax bill by hundreds of dollars this year...

Tax Tip #1. If you run a business from your home, some of your home office expenses (rent/mortgage, utilities, phone) may be deductible on Form 8829, IF that office is your principal place of operating that business. In claiming the expenses as deductions, it helps to show some business income. If you show a profit, the IRS is a lot less suspicious when you try to deduct expenses.

Tax Tip #2. With interest rates relatively low, many of us are refinancing - or thinking about it. First, the bad news: You cannot deduct up-front (all in the first year) the points you pay to the lender when you refinance. Now, the good news: You can deduct the points over the lifetime of the loan period in equal amounts every year. Plus, you can now deduct points the seller paid, too!

Tax Tip #3. Some home improvements may qualify as medical expense deductions. Two of the most popular: for example, a ground-floor bathroom for a person who has difficulties climbing stairs because of a heart condition; or an air conditioner installed for a person allergic to dust.

Tax Tip #4. You may "reduce" (for tax purposes) the sale price of your home by subtracting certain "selling expenses" from the sales price. Among them: attorney fees, real estate broker's commission, notary fees, title search, mortgage satisfaction fees and transfer or stamp taxes.

Tax Tip #5. Consider converting your rental vacation home into a personal second residence by using it yourself for more than the greater of 14 days or 10% of the number of days that it is rented out. This allows you to realize full benefit from mortgage interest and property tax deductions. This can be worth a lot more to you than the deductions you can take on "rental property."

Tax Tip #6. When you move, you can deduct the moving expense even if you don't have a job when you arrive IF: the location of the job you eventually land is at least 50 miles farther from your old home than your old job, and you work at the new job for at least 39 weeks of the first 12 months after the move.

Want more tax tips? Check out these articles:

• Take Advantage of Home Business Tax Breaks
• Are Your Property Taxes Too High?