Did you buy a home in 2017? If so, congratulations! One of the perks of home-ownership: you’ll have several great tax deductions this year! You may be able to write off portions of your mortgage payment, your interest, insurance, property taxes, and mortgage insurance, to name a few.
If you bought a home with a Paris Group Realty agent in 2017, we recently sent you a final settlement statement for your real estate transactions from the year. You, or your accountant, can use this to document deductions – and lower your tax burden! If you have questions about your deductions or if you have not received your letter yet, please reach out to us. We’re always happy to help!
Wish to better understand home-related tax deductions? Here are a few articles worth referencing as you prepare taxes:
- 18 Top Tax Deductions for 2018, Save on your 2017 Taxes with these Deductions (Source: MoneyTips.com)
- The 9 Best 2017 Tax Deductions for Home Owners (Source: PureWow)
- 3 Tax Breaks Homeowners Shouldn’t Forget (Source: The Motley Fool)
Want someone to double-check the boxes? I’m happy to recommend several great accountants who can help you maximize your tax deductions this year.
As a reminder taxes are due on Tuesday, April 17, 2018. Good luck!
If you’re thinking about buying a home or investment property, please let us know!
We’re always excited to help people set and reach their real estate goals.
Planning to buy your first home in 2018 or 2019? Come to our First Time
Homebuyers Session on Thursday, 3/1/18. Click for details & RSVP today!