Upcoming Changes for Some Home Buyers & Homeowners Under the new tax law, homeowners will have decisions to make in 2018,
3 Tax Advantages Of Buying Real Estate
Here are 3 major tax advantages of purchasing real estate for First Time Buyers.
Investing in real estate is especially beneficial.
You save money in a tax-deferred IRA account with the purpose of saving for a down payment.
Also, you are able to withdraw down payment any time without fees or penalties.
There is an exclusion from capital gains tax on the sale of a principle residence from $250,000 in capital gains to $500,000 for filing joint taxpayers.
The capital gains tax rate is reduced from 28% to 20%, increasing the profitability of a property.
With Tax day around the corner, don't let Uncle Sam take more of your money this coming year. Buy Real Estate!
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