One of the many perks of homeownership is big tax breaks. So whether you’re doing your taxes yourself or getting help from a professional, it’s important to take advantage of those breaks!
Mortgage Interest Deduction:Before buying a home, a standard deduction may have made the most sense when you prepared your taxes. But homeowners can deduct the interest portion of their mortgage payments, and the earlier you are in your mortgage, the greater the percentage of each payment that goes toward interest, so take advantage right away!
Home Office:There are specific criteria that have to be met in order to deduct home office expenses, but it can lead to a very large deduction. In general, your home office has to be used specifically for business purposes. Check with a tax professional to see if your home office qualifies for a deduction—it’s a little extra work, but can make a big difference in your tax responsibility.
Author:Michael Simpkins Phone: 813-541-3307 Dated: March 2nd 2016 Views: 475 About Michael: ...
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DREAMING OF BUYING A HOME? WHAT YOU NEED TO KNOW BEFORE YOU
I want to take my time as tell you that this last Sunday Miss Nichol Wheeler was here doing the open house what a difference she made"" .... she really look that she love her job !! she was 30mins early to set up ...with all the signs for the open House .... she had a table cookies,candles
ready to do business. she had 7 people in the open house because she went the extra mile... she is very professional attentive" have not doubts that she is very successful or will be...you should be very proud to have her in your team!
again was very impress with her and want to thank you for sending her over