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Dear Homeowner, As you may know, many tax advantages come with owning a home.
Before owning your own home, you may have only been able to claim a standard personal deduction on your income tax return. Since you own your home, you can likely itemize your personal deductions, and save taxes!
For example, the mortgage interest and real estate taxes on your home are deductible as itemized deductions. In addition, you may be able to claim other itemized deductions such as charitable contributions, personal property taxes, state income taxes, employee business expenses and possibly even medical expenses!
One of the most common questions a homeowner has is what your new tax withholding allowances should be on your paycheck, since you will be having new itemized deductions and fewer taxes to pay each year.
We welcome you to schedule with us a FREE, no obligation initial consultation to answer any questions you may have regarding your tax withholding allowances, as well as any other tax questions you may have.
We look forward to hearing from you.
We are a full service tax preparation and advisory firm with convenient offices in Capitol Hill, Washington, DC, and Rockville, MD, serving the entire DC metro area.
Feel free to contact us. Office Location: 810 L Street S.E. (upper level) Washington, D.C. 20003
Via Phone: 202.543.5555 Via Fax: 202.547.2105
Via Email: |