Owning a home is a large and beneficial investment. Not only are you building equity in a home and making memories there, but you also receive tax benefits of owning a home. These tax benefits of owning a home means you pay less when it comes to filing your federal income taxes. While some people feel that it is more expensive to own a home than to rent, these tax benefits of owning a home may Continue Reading
Whiteboard Wednesday: Tax Alert!
Whiteboard Wednesday: Real Talk with a Realtor is an educational video series where Agent Lady simplifies confusing real estate terms and provides helpful tips for first time home buyers and home sellers. About Agent Lady: Cherise Wynne is a leading real estate agent in Philadelphia, helping home buyers and sellers navigate the City of Continue Reading
The Shocking Truth That Some Philadelphia Taxes Are 2nd In The Nation
Photo Credit Dan Moyle: Creative Commons According to a 2013 report analyzing the different tax burdens throughout the United States, it was found that Philadelphia was among the highest in both property taxes and income taxes for families making over $150,000 a year. Analysts looked at property taxes, sales tax, automobile taxes and federal income taxes to complete their lists of the 10 states Continue Reading