Tax Time Is Approaching!
Have You Taken Advantage Of These Tax Breaks?
Uncle Sam loves its homeowners! Are you taking advantage of these tax breaks?
Most well known, is the fact that almost all mortgage interest for both primary and second homes can be written off.
Tax deductions can be made on home improvement loans, property taxes and sometimes, private mortgage insurance.
Tax credits are given for such things as making your home more energy efficient and installing renewable energy.
Reverse mortgages are not considered income, so it is not taxable.
Points both on home mortgages and refinancing often can be written off as well.
This list is by no means exclusive so make sure you check with your tax advisor.
It is clear, however, there are lots of tax advantages owning a home.
Contact the folks at Galleria International Realty today to start the process of owning your best tax investment.