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Owning a home still offers significant tax benefits. If you are renting, it may be a good time to sit down with a professional real estate agent to see how much you can save each year by owning your own home.
You save in two ways when you purchase a home. Even though most interest deductions have been phased out, home mortgage interest and state and local property taxes can be deducted. The interest on a home equity loan may also be deductible.
Your real estate agent can show you how these savings will apply in your situation. You may be pleasantly surprised when you compare the tax savings you will receive as a result of owning your home, and you will build up equity as your home appreciates in value! Also, first-time buyers will see expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, allowing penalty-free withdrawals to purchase a home in the Taxpayer Relief Act passed in August, 1997. Consult your tax advisor for your particular circumstance.
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the Pam Butera Team Keller Williams Real Estate 910 Harvest Drive Suite 100 Blue Bell, PA 19422 USA Phone: 215-646-2900 Direct: 215-646-9200 Fax: 215-827-5333 Email: pambutera@NUMBER1EXPERT.com
Everyone talks about service . . . Pam delivers it! Pam has produced dramatic results for buyers and sellers for over 15 years, and is consistently among the top 1% of producers nationwide. Listing with the Pam Butera Team will put $12,000 in your pocket! Pam is known for her persistence and dedication to outstanding results! Pam has a passion for what she does!
Pam Butera - PA Licensed Realtor -- License # RS171400L
Kate Madden - PA Licensed Realtor -- PA License #RS273948
Jen Allander - PA Licensed Realtor -- License # RS-287360
Paul Booth - PA Licensed Realtor -- License # RS306301
Becca Gartland - PA Licensed Realtor -- License # RS-218607L
Ed Rohlfing - PA Licensed Realtor -- License # RS-219529-L
Information deemed reliable but not guaranteed and is subject to errors and ommissions.
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