For Home Buyers:
Why Buyers Choose Julia Corkey and Vickie Schoenfeld - Why homebuyers looking for a real estate agent in the Naperville, Plainfield and Lisle area choose Julia Corkey and Vickie Schoenfeld. Latest Listings - Get Julia Corkey and Vickie Schoenfeld's latest Naperville, Plainfield and Lisle listings of homes for sale first! Find Your Perfect Home - Julia Corkey and Vickie Schoenfeld will search for your ideal home and email you the newest Naperville, Plainfield and Lisle MLS listings of properties in DuPage and Will County IL. First Time Homebuyers - Are you a first time homebuyer in Naperville, Plainfield and Lisle, IL? Choose a top real estate agent. Julia Corkey and Vickie Schoenfeld can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Naperville, Plainfield and Lisle house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Naperville, Plainfield and Lisle Homes, For Home Buyers, For Home Sellers, Naperville, Plainfield and Lisle Information, Real Estate Resources, and About Julia Corkey and Vickie Schoenfeld. 
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 unique contribution did the town of Flushing, New York make to the American home?
|
| A |
The flush toilet was invented in Flushing. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
