Noel Crider, Realtor®
The wonderful tax benefits of homeownership.
The tax benefits to homeownership are almost too good to be true!
- 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.
- 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.
- 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.
Contact me to find out how to get started in this great market!
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