Posted on March 31, 2017 - 09:00 AM
by EXIT Realty In Touch
The mortgage interest deduction and the state and local property tax deduction are probably the best-known tax incentives for homeownership and real estate investment.
That’s no surprise. Roughly 9 out of 10 home buyers borrow money to buy a home, meaning they likely pay some form of mortgage interest. And property taxes are a near-universal expense for homeowners. Both deductions are crucial to making home-ownership possible for the average buyer.
But there are other real estate-related tax incentives that might not be as familiar.
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