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Real Estate Tax Deductions | Curtin Team Insider Blog

Tuesday, January 2, 2018   /   by Yves Kelly

Did You Buy a New Home Last Year?

A homestead exemption helps you save on taxes on your primary residence. An exemption help removes part of the value of your property from taxation and lowers your property tax bills.


You may apply for homestead exemptions if you own, reside and claim the property as you primary residence. There are also some income and age related exemptions for which you may qualify.  You will want to file before April 1st of this year in order to take advantage of the tax break this year.  Once granted, the homestead exemption is automatically renewed each year as long as your status remains the same.  

For more info visit the GA Dept. of Revenue: Click Here


As always, if you have any questions, please reach out to us 678-287-4848.  


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Thursday, December 8, 2016   /   by Tom Curtin

4 Often-Overlooked Real Estate Tax Breaks

Can you believe it’s almost the end of the year? 2016 is flying by…and it's time to start prepping for tax time!
I wanted to share a few quick tips that will help as you are preparing/filing your tax return:

Don’t forget your mortgage interest deduction: This one is a no brainer, but I can’t tell you how many people forget it. You can deduct 100% of the interest portion of your 2016 mortgage payments when you file your return.
Deduct your property tax: Property taxes paid on both primary residences and vacation homes are fully deductible.
Closing costs: If you bought a home in 2016, you can claim the “origination fees” on your loan as being tax deductible.
The capital gains exclusion: If you own a home that has been your primary residence for more than two years, and you sold it in 2016, you qualify for this exclusion. When you sell a home, up to $500,000 for married couples ($250,000 if you’re single), your profits ...

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