Get Free Presentation On Our Home Marketing.
Before signing a contract with any real estate agent, make sure you know EXACTLY how your home will be marketed.
Find Out More >
View All Offers >
|
 Compare three mortgages at one
time. Download TripleCalc now. It's free. |
The Wolf Run Group of Keller Williams Capital Properties-Fairfax
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
Mortgage News Daily
A daily mortage newsletter on the worldwide web
Find Out More >
|
|
Find Northern Virginia, Fairfax Station and Clifton
Homes:
-
See Our Listings -
Homes for sale, listings, properties, & other real estate in Northern Virginia, Fairfax Station and Clifton,
Virginia, with virtual tours, photos, and
more. Serving County Real
Estate. Fairfax Station and Clifton.
-
National Listings
Databases - Homes for sale in national American USA web site listings
databases of properties.
-
Search ALL Local Listings - Search through homes for
sale in Northern Virginia, Fairfax Station and Clifton, Virginia
.
-
New
Construction - New homes for sale, new construction and newly built
properties and real estate subdivisions
-
Unique & Luxury
Homes - Home buyers, find luxury homes, real estate, beach front
properties, mansions, & acreage/land for sale on these top national &
international listings web sites.
-
International
Properties - Find international homes for sale on these
international/global real estate web sites from Canada, Europe, France,
Germany, UK, Great Britain, Spain, Italy, Asia, Africa, and
beyond.
-
Search ALL the Experts' Homes - Search the best
local homes for sale from all the real estate experts, agents, REALTORS®,
and brokers.
-
Go to Main Sitemap
- Main sitemap sections include Find Northern Virginia, Fairfax Station and Clifton
Homes, For Home Buyers, For Home Sellers, Northern Virginia, Fairfax Station and Clifton
Information, Real Estate Resources, and About The Wolf Run Group of Keller Williams Capital Properties-Fairfax.
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
|
|
| Q |
What was the first territorial acquisition made by the U.S. Government?
|
| A |
The Louisiana Purchase from France in 1803 for $15,000,000 increased U.S. national territory by 140%. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
