Real Estate Terms

 

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Home Owner's Tax Savings

Q:
What are Home Owner's Tax Savings?
 
A:
When a home buyer moves from renting a home to owning a home, they will probably experience greater Tax Deductions. Where Qualified, they may also receive Tax Credits. This can substantially reduce the income tax owed to the government by the home buyer. By filing a new “W-4” form with their employer, the borrower can receive these Tax Savings, which may be several hundred dollars each month, right in their pay checks.
 

 

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