Top Five Government Policies Everyone Should Know Before Buying Their First Home
Hold onto your home for two years! If you sell after 24 months, you’ll be exempt from capital gains taxes up to $250K for a single person and $500K for a married couple. Your mortgage may not be as steep as you think, thanks to Uncle Sam. The government incentivizes home ownership with a tax deduction on interest for a mortgage up to $1.1 million. …
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