Mortgage interest and property tax may be deducted from your income taxes making owning a home one of the best tax shelters available today. Another advantage to home ownership comes when you sell it. The first $250,000 profit (if you’re single) and $500,000 profit (if you’re married) is tax-free! This is a considerable advantage when you consider that taxes must be paid annually on the interest/profit you make from savings deposits and most other investments. Even IRA’s are eventually taxed.
If you are interested in building a new home, please call Ian Koolik of NMB Custom Homes & Renovations at 561-883-1576. Ian is a
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