DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

Renters Miss Out on Homeowner Benefits

homeownsership

If you rent rather than own a home, you could be missing out on tax benefits that favor home ownership. The current low interest rates make the cost of getting a mortgage relatively inexpensive, despite U.S. house prices at record highs.

Continue reading
Rate this blog entry:
0
1642 Hits

Reverse mortgages - Answers to some Questions

Reverse mortgages - Answers to some Questions

Reverse mortgages - Answers to some Questions

A reverse mortgage is a loan against your property. But, instead of you making payments to the lender as you do on a regular mortgage, the lender is paying you. The repayment of this mortgage takes place after you no longer live in your home. Here are some answers to common questions about reverse mortgages.

1. How can a reverse mortgage benefit me?

Continue reading
Rate this blog entry:
2
26595 Hits

Mortgage Interest Deduction OK for Non-Homeowner

Mortgage Interest Deduction OK for Non-Homeowner

Mortgage Interest Deduction OK for Non-Homeowner

I thought some readers of my blog might be interested in this fairly common topic, for which I did some research.  I see if commonly where a parent buys a home in their name, and more improtantly, using their credit, the a child lives in the home and makes ll the mortgage payments.  Typically, a non-owner cannot take the deduction for the mortgage interest paid and real estate taxes... this discusses the basis of law for which this deduction for the child may be possible...

Continue reading
Rate this blog entry:
1
23183 Hits
 

Speed Up Your Success!

Contact Us Today: 1-805-389-7300

© 2006-2017 Michael DiSabatino, CPA. All Rights Reserved.