Real Estate Offers for Amarillo and Canyon, Texas Provided by Carol and Howard Smith

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School Reports in Amarillo and Canyon, Texas

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Schools in Amarillo and Canyon

Tax Considerations >Tax Reform

Owning a home still offers significant tax benefits. If you are renting, it may be a good time to sit down with a professional real estate agent to see how much you can save each year by owning your own home.

You save in two ways when you purchase a home. Even though most interest deductions have been phased out, home mortgage interest and state and local property taxes can be deducted. The interest on a home equity loan may also be deductible.

Your real estate agent can show you how these savings will apply in your situation. You may be pleasantly surprised when you compare the tax savings you will receive as a result of owning your home, and you will build up equity as your home appreciates in value! Also, first-time buyers will see expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, allowing penalty-free withdrawals to purchase a home in the Taxpayer Relief Act passed in August, 1997. Consult your tax advisor for your particular circumstance.

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Q	What trendy and highly unusual hotel must be totally rebuilt every year?
A	Sweden's popular Ice Hotel, which has 60 double rooms, 25 suites and an interior temperature of 20 degrees, starts melting to the ground in May and is rebuilt every winter.
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Carol and Howard Smith, REALTOR®, real estate agents and broker for Amarillo and Canyon Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Howard Smith Team
Howard Smith Co., Realtors
1616 S. Polk
Amarillo, TX 79102
Bus: 806-358-8381
Fax: 806-358-8389
Toll free: 800-299-8381
Howard: Howard@Amarillo-Homes.com
Nicole: Nicole@Amarillo-Homes.com
Carol: Carol@Amarillo-Homes.com
Howard has over 27 years experience helping people buy, sell and manage real estate.

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