The Tax Benefits of Buying a House
In this video, I discuss what the tax benefits are (if any) of buying a house. Are there such things as tax breaks? Tax credits? What about renting? I think renting gets a lot of crap but it's really not that bad.
Check out our other videos related to personal finances and tax, as well as business finances and tax.
If you want more live Q&As or one on one chats to get specific questions answered, check out our Patreon page:
/ nguyencpas
Our Website:
www.nguyencpas.com
Join our Facebook group for more active updates:
/ nguyencpalounge
Our online course for navigating the pandemic:
courses.nguyencpas.com/course...
Budgeting Playlist:
• Budgeting
Winning in Business Playlist:
• Winning in Business
Tax Playlist:
• Tax
PPP Playlist:
• PPP Information
EIDL Playlist:
• EIDL Information
COVID-19 Playlist:
• COVID-19
This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.
• The Tax Benefits of Bu...
Пікірлер: 3
I definitely think it's better to own a house if you can..I just wouldn't consider it a waste of money if you rent.
Thanks for clearing this. It made no sense why people kept mortgage for tax deduction purposes. When i watched a whole bunch of videos on it, im like, this is pure stupidity. Best strategy is pay off that mortgage and save all the interest payments, period! Much Appreciate for sharing this.
So as a single filer, my standard tax deduction due 2023 is $13,850. In order for itemized deductions to be worth it, just hypothetically using an average 20% tax rate, I would have to spend more than $69,250 in itemizable and taxable money, correct? To get more than 20% of that income deducted?