Category Archives: Taxes

How Much Will I Save in Income Taxes by Owning Property?

Investing in the purchase of a home could potentially increase a homeowners’ tax refund. However, it is important to understand how to receive these tax benefits if you want to start saving on your income taxes. Tip #1: You Must … Continue reading

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How to Compute Real Estate Tax Proration and Tax Credits

Tax proration refers to the allocation or dividing of certain money items in the settlement sheet for real estate property transfer. An attorney, professional real estate salesperson, or mortgage broker Chicago performs the proration calculations at the closing and determines what amount of … Continue reading

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5 Tax Write-Offs Every Homeowner Should Know About

Every year, tax time brings untold headaches to homeowners around the country, but did you know there’s a silver lining to owning your own home? The truth is that Americans can receive a number of important deductions on their Individual … Continue reading

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Tax Bill Time

Cook County has recently released the tax bills.  CHECK THIS BILL TO MAKE CERTAIN THAT YOU ARE RECEIVING YOUR HOMEOWNER EXEMPTION.   This simple step can save you anywhere from $500 to $1,000 a year. Who pays this? The tax bill is … Continue reading

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