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Ten-hut! We'll beat USAA Relo's rebate by $250! Personnel eligible for USAA Relocation rebate can choose us instead and collect USAA's amount+$250! Find Out More > View All Offers >
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Tax Considerations >Tax Reform
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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| Q |
What famous American building was originally built in 1792, burned and rebuilt 1814-1818 and restored in 1952?
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| A |
The White House in Washington, D.C., modeled after an Irish palace, is a sumptuous example of post-colonial architecture. |
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FEATURED PROPERTY
10238 Gregorys Grove Ct
Bank-owned brickfront bargain beauty! Big bright gourmet island kitchen features 9' ceilings, recessed lights, upgraded cabinets and counter tops, island, pantry, breakfast room and backyard view.
Location: Foreclosure Properties , Manassas
Price:
$440,000 Reduced over $250K!
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