That's a lot of money to put
in someone else's pocket. Now,
instead of helping your landlord retire, consider investing in
your future, begin earning equity
on your own home and start getting tax deductions?
When
you are a homeowner, you can deduct the interest portion of your monthly
mortgage payment and property taxes, which often equates into tax
savings.
It's important to look at what your net after taxes monthly mortgage payment will
be after you calculate your mortgage interest deductions. Many of our clients have found that
their mortgage payment ended up being about the same as what they were paying for rent.
To
find out exactly what your tax savings would be, we
recommend that you speak to a reputable accountant.
Feel
free to contact us to discuss your options. If you're ready to explore
further,
click here.
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