HOMES FOR SALE IN PERRIS, MORENO VALLEY, RIVERSIDE, NUEVO, ELECTRONIC TAX FILING, ELECTRONIC FILING, INCOME TAX, TAX
SERVICE, TAX PREPARER, REALTOR, REAL ESTATE BROKER, REAL ESTATE AGENT, BILINGUAL SPANISH AND ENGLISH, NOTARY PUBLIC,
SHORT SALE INFO, FORECLOSURES, CAPITAL GAIN TAX ESTIMATOR
Q. Why is buyin better than renting? Buyers Answers
During the time you are making mortgage payments on the home you are buying, the home continues to appreciate in value due to inflation. Part of the mortgage payment your making every month helps reduce the loan balance bringing your principal down gradually until you pay off the loan. In addition to this. the mortgage interest and the the property taxes that you are paying monthly included in your monthly payment are tax deductible on your schedule A of your 1040 tax return, giving you an additional source of funds in the form of a tax refund. So you get double benefits. You gain equity from your home increase in value, and you get to deduct mortgage interest and property taxes.
This does not happen when you rent because you don't own the home. The landlord get the increased equity and he gets to deduct the expenses.
visitors since 1/15/2007
Armando Hurtado - Ace Tax and Realty
Ph: 951-443-1111 - Fax: 951-940-5424
4194 N. Perris Blvd.
Perris, CA 92571 www.acetaxandrealty1.com
WHERE IS MY REFUND, 1040 FORMS, 1040A FORMS, SCHEDULE A, SCHEDULE E, TAXABLE INCOME, DEDUCTIBLE EXPENSES, SHORT SALE INFORMATION, SHORT SALE TRANSACITONS, SHORT SALE TAXABLE GAIN CALCULATOR, SHORT SALE TAXABLE GAIN ESTIMATOR, SHORT
SALE GAIN ESTIMTOR, AND NOTARY PUBLIC SERVICES
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