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Buying Your First Home and Tax Time
Buying your first home and tax time is a pertinent Active Rain published blog that is relevant to Real Estate. To see the entire blog post, scroll down.
Buying Your First Home and Tax Time in Charlotte
If you’re a first time home buyer, your new house for sale in Ardrey will likely work in your favor come tax day. The key is to educate yourself about the regulations and benefits associated with buying a home and prepare accordingly. Read on for details about buying your first home and tax time to take advantage of all the breaks available to you!
Mortgage Interest Tax Deduction
The mortgage interested deduction is one of the most valuable for the first time home buyer. Applying it takes more work to complete since you have to itemize. However, with the help of a tax preparer, you are sure to reap the benefits.
Simply make sure you have the Form 1098 from your lender, which details how much mortgage interest you paid.
An Approach to Property Taxes
It is required that you pay property taxes on an Ardrey home for sale each year. However, there are ways to make it easier financially. For example, instead of paying in one big installment, ... more

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