Miami real estate news and information

Owning A Home Brings Tax Benefits

If you’re a homeowner, you are eligible for some great tax benefits. Things like property tax, mortgage interest and other payments associated with finiancing a home can ge applied to your tax deductions. As a Florida resident, you can get up to $50,000 if you file for a Homestead Exemption.

Not only are there beneficial deductions, but as you begin to pay off your mortgage, you build equity in the property. This means that the value of your home could increase as your mortgage amount decreases over time. Houses typically increase in value over time which is certainly a benefit to the home owner.

There are many benefits to owning a home, and the Restivo Team can walk you through all of them. Give us a call today to find your dream home.

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