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Old 11-14-2019, 10:57 AM   #66020 (permalink)
Chula Vista
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Join Date: Oct 2014
Location: SoCal by way of Boston
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Quote:
Originally Posted by YorkeDaddy View Post
Thanks my man. I genuinely don't know what will be different when it comes to doing my taxes. I hope it's not completely dreadful
Not at all!!! Find yourself a good tax guy and spend the $200 or so it'll cost you.

You can deduct all of the interest part of your monthly mortgage payments come tax time. For the first years you're paying mostly interest so it's a massive savings.

Also, keep ALL receipts and docs for anything house related. A good tax guy will find all kinds of ways to minimize how much income you're taxed on each year.

Even 15 years into our mortgage we were getting thousands back from the gov. each year.

The government loves people who own property.
Just ask Trump!
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