Miami Local Real Estate Market
TAX BENEFITS OF HOMEOWNERSHIP
Tuesday, February 02, 2010
When homeowners recently filed their income tax returns, they
got good news when they saw how much their home saved them in taxes.
The first place they saved was on their mortgage interest which they
can deduct from their total taxes due. Plus, most state and local taxes paid
on homes are also deductible.
If the home was sold
during the last year, the
capital gain exclusion can
again provide homeowners
with a tax benefit
For professional advice on all aspects of buying or selling real estate, please call 305.960.2575, come by the office at 355 Alhambra circle, Ninth floor, Coral Gables, Florida 33134, or send us an e-mail.