3 Tax Advantages Of Buying Real Estate

Dated: 04/09/2015

Views: 438

Here are 3 major tax advantages of purchasing real estate for First Time Buyers.

  1. Investing in real estate is especially beneficial. 

  2. You save money in a tax-deferred IRA account with the purpose of saving for a down payment.

  3. Also, you are able to withdraw down payment any time without fees or penalties. 

  4. 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.

  5. The capital gains tax rate is reduced from 28% to 20%, increasing the profitability of a property. 

  6. 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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