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Most HOA fees are not tax deductible, but there can be exceptions. “As is often the case in federal tax, the answer is — it depends,” said Karen Wallace, assistant professor in Adelphi ...
(The rule is that you can deduct a home mortgage’s interest on the first $750,000 of debt, or $375,000 if you’re married and filing separately.) ... nor does it cover homeowners association ...
An HOA, or homeowners association, is a type of community association made up of all of the homeowners in a particular planned community. HOAs, like condo associations, are responsible for ...
For those who are owners of property, there is good news. Property taxes are deductible. You can deduct property taxes for the following properties: Primary home. Co-op. Apartment. Vacation home ...
HOA board members and homeowners have responsibilities. Check over the laws to make sure they’re being followed.
Often, the HOA passes this ever-rising cost on to the homeowners in the form of higher monthly fees or larger one-time fees called special assessments. This jump in homeownership costs can have a ...
HOA fees can be a lot. If you're a homeowner, you may not feel like the price you're paying is justified -- and it could also be eating into your budget. I'm a Real Estate Agent: Buy Real Estate in...
While your property itself could be fine, you may be living among neighbors you don’t care for, with higher costs, like property taxes and even higher homeowners association (HOA) fees. Yes, you ...