Will you actually benefit from the Mortgage Interest Deduction?

Will you actually benefit from the Mortgage Interest Deduction? One of the many mysteries of home buying and home affordability is how much [...]

Important changes to the Mortgage Interest Deduction tax rules

Important changes to the Mortgage Interest Deduction tax rules, as of 2018 There is almost nothing about homeownership as confusing as tax issues, [...]

2019-06-10T07:43:22-05:00December 12th, 2018|Buying a home, Homeowner tips, Owning a home, Taxes|0 Comments

Tax considerations for homeownership

There are a number of tax benefits available to homeowners, such as mortgage interest deduction. However, the only way to know the precise tax value of any economic decision is to prepare a tax return for the taxing agency (or all of them) first without including the economic decision and then prepare it again including the economic decision. The difference between these two outcomes is then the exact value of the tax benefits associated with the decision.