Home Ownership and Taxes

**tspforretirement** · 10-05-2007, 12:04 AM

Originally Posted by Jonathan

Heh -- not in the DC area

We just bought a house in MD. We won't see "standard deduction" territory for many years -- unless the law changes.
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It does. However, those tax advantages are merely a partial reimbursement for what you spend on your home, etc., and the fact that they're available to you depends upon the fact that the market for home prices has grown up around those deductions being available. In other words, you're getting the tax deductions because houses are more expensive due in part to the fact that you can get those tax breaks.

Frankly, I'd rather spend less money on a mortgage in the first place. But you work with what you're dealt.

If you don't have enough in deductions to beat the standard (minimum) deduction, then the standard deduction is actually a very good deal.

A better tax option, IMHO, is to reduce your adjusted gross income in the first place through business expenses, etc.--assuming you can do so.

Jonathan,

I agree! I would like not to have to pay a mortgage. Just think what we could do with that mortgage money!!

But if you don't pay into a mortgage, then you pay rent, and as far as I know this is not an allowable IRS deduction and alot of places consider living in the public park illegal.

Now if one was a business owner of a rental property, now, that has some great deductions. Of course we'll always have "free-loaders" and adult off-springs come to mind. Whew!

HOOAH!

**tspforretirement** · 10-05-2007, 12:14 AM

Homeownership information (taxes, etc.) for Hernando, Florida.

There is a more direct access link, but the link I list below is a few steps back to explain the issues of connectivity (maximum number total accesses is 10):

This is their "public" access web link:

http://www.co.hernando.fl.us/tc/propertysearch.htm

**Wrngway** · 10-05-2007, 12:55 AM

Originally Posted by Paladin

No, just a BnW TV Western Show enthusiast.

A knight without armor in a savage land.

**tspforretirement** · 10-06-2007, 12:23 AM

Originally Posted by Wrngway

A knight without armor in a savage land.

Hi Wrngway,

Paladin maybe without the armor, but I'm pretty sure he's got his +5 Avenger.

(NOTE: +5 Avenger is a reference to DnD and not the gun-powder based projectile weapons, then again, maybe there is one).

HOOAH!

**tspforretirement** · 10-06-2007, 12:32 AM

Hello All,

Sorry if this is off-track, but it seems the thread is going that way, but I've found some good information for those who wondering about the monies those Alaskan residents receive.

Many do not realize that individuals who claim Alaska as their State of residence DO get a check from the State of Alaska. It is the Alaska Permanent Fund Dividend. This year it pays: $1654.00 per person (includes children). That is if you are a family of four then multiply by four. No examples this time.

There are many qualifications to receive this, and of course, one of them is to establish actual residency. The following is the link for more information: https://www.pfd.state.ak.us/

NOTE: My driver license is still AK.

HOOAH!

**tspforretirement** · 10-06-2007, 12:37 AM

Propety Tax Information for North Carolina.

They do not have an accessible website that provides "up-to-date" information, but their website show previous taxations (in whole generalities) and many POCs.

http://www.dor.state.nc.us/taxes/property/index.html

A good note is that they show on the main page what/how to get exemptions.

HOOAH!