The last time you were at your Tax Appointment was probably last year. In fact, the accounting world is just now ramping up so they can get you placed on their schedule so they can complete this current tax year.
Get a Box that the family knows. A shoe box or a drawer that everyone in your household can agree on – Place a highlighter on the outside or inside of the shoe box. Every time you return from an outing – take just a few minutes and high-light anything that you purchased for your home, condo or town-home.
When it comes to real estate save receipts and you just might save tax dollars. When you sell a home you pay taxes on your capital gains, but it is important to remember that the repairs that you make to your home, between the time you buy and the time you sell, count as costs toward the home. Saving your receipts helps provide proof of the costs incurred with making improvements to your real estate.
There are many financial benefits that come with home ownership that simply don’t exist with renting a home. Aside from the obvious fact that buying a home allows people to gain equity, owning a home also affords people the ability to write off mortgage interest paid, which can be an incredible asset come April 15th!
Whether you replace a roof, renovate your kitchen, or add on to your home, improving your home can be offset when you sell thanks to the additional money your can write off at the time you sell. We all want to save money these days, and paying attention to the details is important. Save your receipts and you will owe less to Uncle Sam!
When it comes to Listing a Santa Clarita Valley home for Sale – it is very necessary for you to experience the Brain Storming ability of an Experienced Real estate team. Make sure you are doing your diligence and checking out the who’s who in the Real estate industry. We meet with our clients during exclusive meetings at our offices – call today to schedule yours.