Real Estate Articles Worth Reading
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Real Estate Articles Worth Reading
Scoop.it for Real Estate. See real estate articles worth reading about buying and selling a home from many sources from around the internet including the http://www.maxrealestateexposure.com blog.
Curated by Bill Gassett
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Tax Deductions For Buying a Home

Tax Deductions For Buying a Home | Real Estate Articles Worth Reading | Scoop.it
What are the home buying tax deductions you can claim? Find out by using the home buying tax deductions check list I have put together for you!
Bill Gassett's insight:

When you compare renting vs buying a home there are certain perks that makes owning a home really worthwhile. Financially speaking one of the greatest benefits of home ownership is the tax deductions allowed by the IRS.

 

There are home buying tax deductions that the IRS lets you write off. This allows you to lower your tax bill substantially!

 

In fact, while working over the years as a real estate agent many home buyers have specifically asked me if I know all of the tax deductions you are allowed to take after having purchased a home. Of course I do!

 

In the article, you will see some of the most significant tax deductions you can take on your taxes from purchasing a home. Some of them are pretty substantial including the home mortgage interest tax deduction as well as the capital gains deduction.

 

One of the things that many people do is forget about the lesser common deductions. With this handy deductions check list that will no longer be the case.

 

Take look at the article and see if there are any tax deductions you would have missed.

 

If you enjoy the article, please consider sharing it to your social networks and giving it a Scoop!

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Tax Advice For Divorcing Couples

Tax Advice For Divorcing Couples | Real Estate Articles Worth Reading | Scoop.it
The best tax tips for divorcing homeowners. Are you getting divorced? Do you own a home? See important tax considerations when getting a divorce.
Bill Gassett's insight:

Are you going to be getting a divorce? Do you own a home that was acquired during the marriage? If you are shaking your head yes you should have an understanding some of the tax tips for home ownership and divorce. There are a number of scenarios that can take place including one of the parties keeping the home or liquidating it as a marital asset.


What you should be completely aware of is how these two circumstances impact you from a tax standpoint. Divorce can have a dramatic impact on your finances. While most people think from a short term perspective, it is what happens down the road that can really have some major consequences.


There are a number of different tax laws that are discussed in the article. You should take a look at each and everyone of the referenced links in the article.


Each one is packed with helpful information that can keep your divorce heading in the right direction from a financial standpoint.

Divorce and selling a home is not something you should take lightly.


With the advice in the article you will have important considerations that probably were not given much thought. Don't put yourself in a position where you will make financial mistakes you regret in the future.


If you find these tax tips when going through a divorce helpful please consider sharing them via Scoop.it or through other social channels.

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Tax Deductions When Owning A Home

Tax Deductions When Owning A Home | Real Estate Articles Worth Reading | Scoop.it
Although the details change periodically, the basic tax deductions and benefits for homeowners who itemize deductions are typically these:
Bill Gassett's insight:

One of the many benefits you receive by being a homeowner is to have some tax savings. For most people this is not the reason they buy a home but is a nice side benefit.


Did you know there are a lot of people who don't know what the tax benefits are of home ownership? Yes that is correct some people don't know there are tax deductions you can take just for owning a home! Unless you have an accountant it is no wonder people end up missing these deductions.


In her excellent article @Karen Highland  takes a look at some of the most common tax deductions for owning a home. Have a look at her article to see if you are missing any of these money savers.


Remember the tax code changes every year so it is always important to stay up to speed on tax laws. It can be the difference of a lot of money out of your pocket.

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A Guide to Homeowner Tax Deductions

A Guide to Homeowner Tax Deductions | Real Estate Articles Worth Reading | Scoop.it
Homeowners deserve every financial break they can get their hands on amid today’s trying economic times. After all, the average homeowner pays out a hefty percentage of their income on housing expenses and mortgage payments that include large amounts of interest. That’s why the mortgage interest deduction and other tax breaks can help homeowners get back a sizable chunk of cash. Saving money smartly by Continue Reading
Bill Gassett's insight:

One of the many benefits of owning a home are the tax benefits. While the internal revenue service loves to take our money they will also give back in certain cases as well. A home is one of the better tax shelters we have!


Do you know what some of the major tax breaks are for owning a home? In this guide you will see a breakdown of where you can save money from home ownership. One of the keys is not forgetting about the fact you have these tax breaks!


The tax breaks can be broken down into a few categories including the mortgage interest tax deduction, home improvement deductibles,  home office tax breaks, and property tax deductions.


All of these are important elements of the current tax code. Take a look a the article where this is all broken down into greater detail.

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Tax Write-offs That Help Homeowners

Tax Write-offs That Help Homeowners | Real Estate Articles Worth Reading | Scoop.it
Owning a home offers lots of benefits, including ways to reduce your tax bill.
Bill Gassett's insight:

When you own a home there are many ways to skin a cat in making sure you get the maximum tax benefits. Take a look at this excellent article and use it as a guide in making sure you claim all the tax benefits associated with home ownership.

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Best Tax Tips For Real Estate

Best Tax Tips For Real Estate | Real Estate Articles Worth Reading | Scoop.it
One of the constants in life is taxes. Unfortunately we all have to pay our fair share. Anyone who is wise however will try to minimize their tax burden as
Bill Gassett's insight:

One of the places where more money goes out the door is with real estate related taxes. Taxes are the bane of most peoples existence. Nobody wants to pay them but they are part of life.


There are however ways you can minimize your tax burden. Often times people pay way more than they should when it comes to real estate taxes. In the article you will see some of the best real estate tax tips. These tips are designed to save you as much money as possible.


There article addresses five real estate related tax topics including what to do about taxes when you are getting a divorce, how do real estate capital gains work, how do I reduce my property taxes, what are the advantages of home ownership from a tax standpoint and lastly what are the deductions you can take as a home owner.


Each of these topics are covered at length as they are articles I have written on and discussed numerous times. By following the advice in these articles you are bound to reduce how much you will pay in taxes.


In the article you will also see some very helpful reference articles from @Kyle Hiscock

and @Anita Clark


If you find any of these articles helpful please consider either scooping them or sharing socially. Without a doubt you are bound to help someone who needs it when spreading the word!

Bill Gassett's comment, February 22, 2016 5:17 PM
Thanks for the scoop @Roman Temkin
Bill Gassett's comment, February 23, 2016 1:44 PM
Thanks for sharing @Sri Ram!
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Tax Benefits of Owning a Home

Tax Benefits of Owning a Home | Real Estate Articles Worth Reading | Scoop.it
See the tax advantages of owning a home. The tax benefits of owning a home are numerous. See why home ownership has financial benefits over renting.
Bill Gassett's insight:

Are you on the fence about whether or not you should rent or purchase a home? For many this is often a huge debate. There are many reasons for choosing one or the other. When it comes to buying a home there are many financial tax advantages that come with home ownership. Do you know what all of the tax benefits are when it comes to owning a home?


If you are shaking your head you are not alone. There are many who don't have the slightest idea there are so many financial benefits that come with owning a home.


In the article I offer some comprehensive discussion of the major home ownership advantages including the capital gains exclusion clause. the ability to deduct mortgage points, deductions for home improvements and quite a few others.


When you look at all of the tax benefits of owning a home it can add up to thousands of dollars. Many people often only think about the emotional aspect of buying a home and not the tax perks. This is understandable as we have many years of making great memories in our homes.


Be sure however to know that there are some real advantages when it comes to your financial well being with owning a home vs renting.


Take a look you may be surprised!

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Tax Deductions When Buying a Home

Tax Deductions When Buying a Home | Real Estate Articles Worth Reading | Scoop.it
Home buying tax deductions explained including deducting mortgage points, mortgage interest tax, real estate taxes and mortgage insurance deductions.
Bill Gassett's insight:

If you have never owned a home before you may not realize that home ownerships offers some real tax advantages over those that are renting. These advantages can be received both at the time of purchase and long term as well.


In the article you will see all of the tax deductions available when buying a home. There are the immediate tax benefits you can take advantage of when filing in April. If you have bought a home in the past year this is a must read!


Obviously leaving money on the table is not smart. The deductions you may be able to take advantage of include:


1. Mortgage points.

2. Mortgage interest tax.

3. Real Estate taxes.

4. Mortgage insurance.


There are a few others as well you can see by reading the article. Keep in mind the long term deduction or mortgage interest that you can take each calender year as well.


Saving money is great. Losing money is dumb. Don't get caught not taking deductions you should be making.

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10 Mistakes Homeowners Make on Their Taxes

10 Mistakes Homeowners Make on Their Taxes | Real Estate Articles Worth Reading | Scoop.it
HouseLogic has found the 10 most common errors home owners make when filing taxes. Read this article to learn what they are and how to avoid them.
Bill Gassett's insight:

Do you know what some of the most common mistakes that home owners make on their income taxes? The article takes you through common issues that home owners don't account for properly. Take a look so you don't make these same tax mistakes. This is a great article to share with your real estate clients if you are a Realtor.

Julieanne Jackson's curator insight, November 14, 2014 5:00 PM

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Hanna Brown's curator insight, November 18, 2014 3:21 PM

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