A home provides many tax benefits!! A home provides several tax benefits, literally from the time you purchase and buy the home through the time you sell the home. The mortgage interest paid on a home loan( up to $1 million for a primary residence or second home ) is tax deductible every year, as is the local property tax. Other mortgage costs can also be deductibles! other mortgage costs including late-payment charges and early-payment penalties – are also deductible. And if you use a portion of your home for business purposes, you can take a depreciation deduction as well. Many federal tax benefits are also available from local and state tax agencies. Contact your local tax agency for more information.
Whether you are buying or selling your home, the 'Rorabeck Real Estate Group' with Keller Williams Realty Integrity WI/MN will make sure your experience is a pleasant one. We pride ourselves on our close to 30 years of experience and our superior customer service within St. Paul, MN, Hudson, WI and the surrounding Western WI areas. Contact us for your home buying & selling needs. "Who do ya know wants to buy a home?"
"I want to thank the Rorabeck Team for their help with the purchase of my first home in Farmington. Your team has made this an easy process and provided valuable insight. I am excited to start this new chapter and couldn't have done it without you.