Tax Season
The deadline to file taxes is quickly approaching. Cross Roads Real Estate would like to help you with the many tax benefits, savings and deductions that can be taken advantage of simply by owning your home. If you are a new homeowner, you might not be aware of some of the many benefits that you can receive. If you took out a loan to pay for your home, you can deduct interest on your mortgage for up to $1 million. The largest part of your monthly loan payments is because of taxes. These can be deducted annually. The energy efficient tax credit allows homeowners to claim a tax credit of up to 10% of the amount that is spent. Any energy efficient item placed in your home can be on our tax returns. For more information on any of these topics, call us today!
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