Tax Time is Here!

It is Americans’ favorite time of year: Tax Season! For some lucky people it is a time to wait in anticipation for a refund for others it is simply a time to scrap together the money to pay the feds what they haven’t during the year. Home ownership can and does in many cases help reduce your tax bill. Our tax system is set up to encourage home ownership and there are several big benefits. Selling a home presents some other opportunities for a lot of people, as for most, their home represents a major source of savings and often it is tax free savings at the point of sale. I have posted an article on my website, mnhomesbydave.com, from Rismedia.com, a major real estate news daily. It is under the Real Estate News tab and gives the basics of the calculations to see what implications you have from selling your primary residence. Now, that being said,  I am not an accountant or tax advisor and I would always recommend talking to your own tax advisor for your own individual situation. Thanks for reading.

David Feerhusen

David Feerhusen

Broker/Realtor, CDPE, GRI, CRB
Contact Me