It's tax time again. You knew that, but you might not have known that the tax benefits of home ownership are shrinking. What was once a way to save BIG on your taxes has now shriveled up to little or NO tax savings.
Hi, I'm Kathy Fettke and this is the Real Estate News for Investors.
One of the biggest perks of owning a home has been the tax savings you enjoy every year about this time. Homeowners can deduct the interest they pay on their mortgage, but with interest rates at historic lows, there's a lot less to deduct. And for many people, another IRS deduction completely wipes out any tax savings at all.
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As you write out a check for Uncle Sam this year, start making plans for a better way to protect your hard-earned money next year.
The post #047 – Tax Savings FAR BETTER on Investment Property Than Primary Residence appeared first on Real Wealth Show | Real Estate Investing | Turnkey Rental Property | Cash Flow | Notes | Private Lending | Flipping | Wholesaling.