Tax Breaks for Laguna Niguel Home Owners

It’s hard to believe, but it’s 2008. And with the start of a new year comes the realization that taxes will be due in just a few short weeks. Of course if you are a homeowner, you can rest easy knowing you have huge deductions from your home. If you’re not a homeowner, you might want to start thinking about how much more money you could have in your pocket if you took the plunge and bought a home in the Laguna Niguel real estate market.

Owning a home offers great perks, especially around this time of year when you start scrambling to get your taxes in order. Mortgage loan interest, home improvement loan interest, moving costs, property taxes and much more can provide you with tens of thousands of dollars in deductions and can help you keep a little more of your cash in your pocket.

For example, if you buy a new Laguna Niguel home in 2008 and pay roughly $10,000 in mortgage interest, you can deduct that from your total income. This means that the government records your income as less, and you therefore pay less tax. You can also add all the money you’ve paid out in property taxes, energy efficient improvements and other home-related expenses. All together, this can mean a huge deduction for you.

If you’ve been considering buying a home in the Laguna Niguel real estate market and want to learn more about tax breaks for homeowners, check out the latest issue of my Laguna Niguel Real Estate Update newsletter. You’ll find detailed information on what tax savings are available for homeowners as well as great information on the current state of Orange County real estate.

Remember, the longer you own your home in 2008, the more tax benefit you will receive. So if you’re interested in buying a Laguna Niguel home, find an experienced Laguna Niguel realtor today and get the ball rolling. If you have any questions about finding a realtor or about the Laguna Niguel real estate market in general, give me a call today at 949-939-0300.