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The wonderful tax benefits of homeownership.

The tax benefits to homeownership are almost too good to be true!

1.  When you purchase a home, in most cases, loan discount points and origination fees are tax deductible to the buyer, regardless of who pays them.
2.  You can deduct mortgage interest charged on a loan used to acquire or improve your principal residence in the year that it is paid. In the early years of a loan, most of your monthly payment is interest, so this can really add up.
3. Finally, when you sell the home, as an individual you can earn up to $250,000 and pay no taxes on it, and as a couple, it’s $500,000. Learn more.

For more information about buying a home, please contact me.

This entry was posted on Friday, December 11th, 2009 at 9:13 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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