While all homeowners benefit from federal and state tax deductions associated with their house, first-time buyers in Virginia may be eligible for a program that boosts the tax benefits of purchasing property. The Virginia Housing Development Authority (VHDA) has introduced a Mortgage Credit Certificate program that allows eligible borrowers to claim a tax credit for...
As the time to file income taxes approaches, we need to take a new look at the changing tax landscape for homeowners. The dynamic atmosphere in Washington, D.C. has a different effect each year on which tax breaks are proposed, rescinded, changed, and extended for taxpayers who own a home. Thanks to the efforts of...
(MCT)—We are now officially in the peak spring home buying-season. I was asked the other day for advice on what should be at the top of the list for homeowners after they move into their new home. That was an easy question to answer. My No. 1 piece of advice for recent homebuyers is to...
As the economic recovery continues to build, Americans are again able to consume and invest; and with recent reports from the U.S. Census Bureau noting 34 percent of American households are rental units, investors are taking notice and rushing to reap benefits of placing investment funds in single- and multi-unit residential property. “Investor demand for...