As the events of the last few years in the real estate industry show, people forget about the tremendous financial responsibility of purchasing a home at their peril. Here are a few tips for dealing
Top 10 Homeowner Tax Deductions
Tax season is upon us once again. If you are a new homeowner, congratulations! You are building equity, and that's a great thing. Did you know the government offers many tax deductions to new homeowners? These homeowner tax deductions will help lessen the pain of those new monthly mortgage payments.
The following list of top 10 homeowner tax deductions will help to lower your tax bill considerably. Learn about them and take full advantage of them.
Equity Loan Interest
Interest on a Home Improvement Loan
Home Office Deduction
Capital Gains Exclusion
Mortgage Tax Credit
Visit https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Buying-Your-First-Home/INF12009.html to learn about each of the top 10 homeowner tax deductions listed here. Get the money-saving homeowner tax deductions you've got coming to you as a new homeowner.
Want an overview of other items not listed above? Please read IRS Publication 530,Tax Information for Homeowners; IRS Publication 523,Selling Your Home; IRS Publication 587,Business Use of Your Home,IRS Publication 521,Moving Expenses, and IRS Publication 936,Home Mortgage Interest Deduction.
As your Moorestown real estate agent, I take great pride in the care I give to my clients. All things real estate is what I do best. Call me, Sam Lepore of Long & Foster in Moorestown, NJ, at(856) 297-6827. I've got answers to the questions about available homeowner tax deductions you may have. I’m happy to help!
Sam Lepore is a Realtor with Keller Williams in Moorestown, NJ. Call him today at 856.297.6827 ....