Tag: Personal Finance

Posted on 01/24/2021
Step-Up Basis and How It Can Pertain to Real Estate
Image by Steve Buissinne from Pixabay Suppose you’ve inherited your parents’ longtime home. Suppose they paid $100,000 for it, and it’s now worth $300,000. Had they sold it while it was in their possession, they would have avoided paying capital gains tax due to the Taxpayer Relief Act of 1997. Now that it’s yours, has that tax avoidance...
Real Estate Taxes
Personal Finance
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Posted on 09/15/2019
Tax Credits For The First-Time Home Buyer
Buying a home requires a lump sum of money for the first-time buyer; this is why most first-time home buyers ask to get a tax credit. To help a first-time homebuyer achieve the dream of owning a home, some options are available to ease the financial strain. There are grants by the federal and state government, and there...
Tax Credit
Homebuyers
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