Palm Beach Real Estate and Loans

Ah - it's that time of year again. Spring is here - we're all spending more time at the beach, working on that perfect tan......

And to make things really enjoyable, it's almost Income Tax time....

Oh joy (and many other things I really shouldn't write here).

But there's no way around it so make sure that you're prepared.

As an owner of Palm Beach Gardens real estate, there are a couple of deductions that you should be aware of:

1. We all pay Property Tax and you are able to deduct what you pay in a particular year on all of the properties that you own - primary, secondary AND even investment properties.
2. If you have a mortgage you can deduct the amount of interest you paid on the loans on two properties - your primary, of course, and one other.

Relatively simple things, but I talked to several people today who didn't know the specifics.  Why pay more then you have to?