|
|
|
|
Home / Services / Calculators / Newsletter / Archives Financial Truth #5 "PURCHASING A HOME IS THE FIRST STEP TO FINANCIAL SECURITY." Owning a home has many tax advantages, such as the deduction for the interest payment and real estate taxes. Renters pay the landlord rent to pay for these items, but do not receive any tax benefits. Homeowners can sell their homes when they want and receive money when they move. Renters just move. Homeowners can earn up to $500,000 tax-free on the sale of their home. This is almost impossible for any investment to duplicate. Homeowners can borrow against their home for any purpose including starting a business.
(August, 2003 Newsletter)
James E. Newland, CPA 939 Center Road Eastlake, Ohio 44095 440-951-9799 |
|
Send mail to
webmaster@newlandcpa.com with questions or comments about this web site.
|