Will I Really Get A Tax Break When I Buy A Home?

Hi Everyone,

I wrote another post for RentersInsurance.com that discusses how the average American couple buying a US average priced home of around $200,000 really has few tax benefits from homeownership. Most of the mortgage interest deductions and property tax deductions that create federal income tax savings go to people buying homes that cost $300,000 or more. The more expensive the house and the bigger the mortgage, the more tax benefits an owner will have. Read on, thanks, and have a great day. Leonard

Will I Really Get A Tax Break When I Buy A Home?

By Leonard Baron

Author of Real Estate Ownership, Investment and Due Diligence 101 – at ProfessorBaron.com

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About leonardbaron

Leonard P. Baron, MBA, CPA, is a Real Estate Lecturer at San Diego State University Who Taught the MBA Real Estate Investment Course. He is a Long Term Residential Investment Real Estate Owner, He is Buying Investment Properties Now, He Does Commercial Real Estate Investment Consulting – and Loves Kicking the Tires of a Good Piece of Dirt!
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