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School Reports in Montgomery County, Lansdale, Bucks County and Hilltown, Pennsylvania

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Schools in Montgomery County, Lansdale, Bucks County and Hilltown

Tax Considerations >Tax Reform

Owning a home still offers significant tax benefits. If you are renting, it may be a good time to sit down with a professional real estate agent to see how much you can save each year by owning your own home.

You save in two ways when you purchase a home. Even though most interest deductions have been phased out, home mortgage interest and state and local property taxes can be deducted. The interest on a home equity loan may also be deductible.

Your real estate agent can show you how these savings will apply in your situation. You may be pleasantly surprised when you compare the tax savings you will receive as a result of owning your home, and you will build up equity as your home appreciates in value! Also, first-time buyers will see expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, allowing penalty-free withdrawals to purchase a home in the Taxpayer Relief Act passed in August, 1997. Consult your tax advisor for your particular circumstance.

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Q	Exactly how many islands are included in the group called the 1000 Islands?
A	There are actually 1,864 islands in the 80-mile stretch in the St. Lawrence River, between Ontario, Canada and New York State.
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Chuck Romano, REALTOR®, real estate agent and broker for Montgomery County, Lansdale, Bucks County and Hilltown, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Chuck Romano
Keller Williams Realty
601 Bethlehem Pike, Building B Suite 100
Montgomeryville, PA 18936
215-880-5971
Fax: 215-501-5777
ChuckRomano@NUMBER1EXPERT.com

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