Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from The Montague Group, a proven Waldorf, Southern Maryland and Andrew AFB, Maryland NUMBER1EXPERT™ Top Selling real estate agent. Find Waldorf, Southern Maryland and Andrew AFB Homes - Find Waldorf, Southern Maryland and Andrew AFB, Maryland real estate listings & homes for sale provided by The Montague Group, your local expert real estate agent. Foreclosures, Short Sales. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from The Montague Group, a proven Waldorf, Southern Maryland and Andrew AFB, Maryland NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from The Montague Group, a proven Waldorf, Southern Maryland and Andrew AFB, Maryland NUMBER1EXPERT™ Top Selling real estate agent. Waldorf, Southern Maryland and Andrew AFB Information - Find local information on Waldorf, Southern Maryland and Andrew AFB, Maryland including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by The Montague Group, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from The Montague Group, a proven Waldorf, Southern Maryland and Andrew AFB, Maryland NUMBER1EXPERT™ Top Selling real estate agent. About The Montague Group - Information about The Montague Group including testimonials, guarantees, credentials, and contact information. Learn why The Montague Group is a proven Waldorf, Southern Maryland and Andrew AFB, Maryland NUMBER1EXPERT™ Top Selling real estate agent. 
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
|
|
| Q |
What is the largest home in Hollywood?
|
| A |
The largest home in Hollywood is currently "The Manor" at 36,500 square feet, built by T.V. producer Aaron Spelling for $37 million. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
