Monthly Archives February 2020

Fla.’s Attraction: Is It the Sunshine or Tax Advantages?

Fla.’s Attraction: Is It the Sunshine or Tax Advantages?

27th February 2020 | Comments Off on Fla.’s Attraction: Is It the Sunshine or Tax Advantages?

  SW Fla. professionals say they’ve noticed an uptick in the number of people who cite state lower-tax advantages as a reason for relocation. NAPLES, Fla. – The Sunshine State can offer more than just sunshine for prospective homebuyers. While the climate has always been a big draw for new residents, another element has led many in recent years to relocate to Southwest Florida: taxes. Local professionals say that the Southwest Florida real estate market has seen a significant boost thanks to people migrating from northern states with much harsher tax environments. Residents who have lived for decades in states
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Don’t Let Sellers Leave Tax Breaks on the Table

Don’t Let Sellers Leave Tax Breaks on the Table

27th February 2020 | Comments Off on Don’t Let Sellers Leave Tax Breaks on the Table

  Remind sellers to ask their financial advisers about tax deductions they’re eligible for in a home sale. One of the potentially big ones: selling costs. CHICAGO – Remind sellers to ask their financial advisers about tax deductions they’re eligible for in a home sale. One of the big ones they may qualify for: selling costs. As long as a cost is directly tied to the sale of a home, it qualifies for tax breaks. Also, sellers who have lived in their home as their principal residence for at least two out of the five years prior to selling it
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