|
|
|
 |
|
Meet Kathy Irvine and The Irvine Team
The St. Louis Association of Realtors has recognized Kathy & her team as the top sales team for 10 of the last 12 years. With nearly 70 million dollars in sales in 2004, Kathy was honored for the 17th straight year as the TOP AGENT for the largest real estate company in the St. Louis area, Coldwell Banker Gundaker Real Estate & Mortgage Company. She was also 12th nationwide for Coldwell Banker. However, the most important recognition Kathy and the Irvine Team get is the steady stream of testimonials and repeat business from her clients. Her team sets the pace, provides the service you can count on, and is dedicated to achieving your real estate goals. The Irvine Team constantly leads the St. Louis real estate market with their excellence, professionalism and service. The Irvine Team... Nobody does it better... NOBODY!
Please Sign Up For The
Latest Listings and the Latest Real Estate News
Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
|
| Q |
Why is the Terra Amata site in Nice, France famous?
|
| A |
Remains of 21 huts found in 1965 are thought to be the oldest known habitation from the Acheulian culture 400,000 years ago.
|
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
