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Real Estate Tips
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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The Cindy Knows Indy Team, REALTOR®, real estate agents and broker for Carmel, Westfield and Fishers, Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

The Cindy Knows Indy Team
Keller Williams Realty

11711 N. Meridian Suite 100
Carmel, IN 46032
Phone: 317-846-6553
Fax: 317-846-5959
Cell: 317-370-3730
Cindy's Email: Cindy@CindyKnowsIndy.com
Jennifer's Email: Jennifer@CindyKnowsIndy.com

The Cindy Knows Indy Team is a team of full-time real estate professionals who's only focus is to ensure client satisfaction with prompt and personal & professional attention. We have extensive experience in workig with sellers and buyers within the ENTIRE Indianapolis and surrounding areas.

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