taxes: Tax Benefits of Owning a Home
- 03/07/08 08:55 AM
Daily Real Estate News | March 7, 2008Tax Benefits of Owning a Home Before a home owner curses the troubled housing market, he or she should take solace in the U.S. tax code, which makes buying a home a good deal for almost everyone. Here's why: Mortgage interest deductions, including in some cases mortgage insurance premiums, reduce home owners' tax liability by reducing income. The deduction includes interest paid on both a first and a second home. Interest on home equity loans is also deductible - whether the borrower uses the money to remodel the kitchen or to take a vacation to Disney World. Profits from selling … (1 comments)
Daily Real Estate News | March 7, 2008Tax Benefits of Owning a Home;)
;)
