Tax Credit VS. Tax Deduction
Are you purchasing Chester VA real estate? It’s important to consider that a tax credit is a dollar-for-dollar tax reduction, rather than a reduction in taxable income that would save you a percentage of your deduction based on your tax rate.
Many incentives for home buyers have been released and/or updated recently. These programs, couple with high affordability and low mortgage rates, make it a great time to purchase real estate. Have you found a knowledgeable Realtor in your area to work with you so you can take advantage of the tax credit and available Chester VA real estate? What are you waiting for? Read the full article to learn more about Buying Now and How It Pays to Buy Now!
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