Homeowners are usually well informed about the home-related tax deductions that they can make at filing time. However, when purchasing a home, other costs can quickly accumulate. For buyers who can’t come up with a 20% down payment on the purchase price, they will have the added cost of private mortgage insurance (PMI).
The … Read the rest
Are you wondering if you’ll have to pay capital gains tax on your home sale?
What many people do not know is that a large portion of homeowners who sell their homes can do so without paying the IRS a penny.
Capital Gains on Home Sale
When selling your primary home, you can make up … Read the rest
Every new homeowner or buyer wants to know about the tax deductions they can claim. Did you know that your home offers a range of tax benefits?
This is the guide you need to read because the new Tax Cuts and Jobs Act (TCJA) has changed some of the tax breaks you have as a … Read the rest