Article is in response to Financial Samurai’s “Renters Should Pay More Taxes.” homeowners should not envy the renters if renters don’t pay rental taxes. We’re talking about 3 great tax breaks for the homeowners versus one tax relief (no rental tax) for the renters and the homeowners want to take away that single tax relief for the renter?
So you want to buy a home but are considering a condominium because of the amenities, the community, and whatever reason you may have. But before you buy one, you should weigh the various pros and cons of owning one carefully and decide if this is really for you.
Talks about what a tax deduction is, the various types of tax deductions, and the biggest mistakes people make when claiming the tax deduction.