• Call us: 323.243.1234
work with us
HillDr2268005-mls.jpeg
HillDr2268005-mls.jpeg
previous arrow
next arrow

Featured Properties

Featured
5034 Mosaic Court, Eagle Rock, 90041, 90041
  • 1845.00
  • 3
  • 2.5
  • 2

Recently Sold Homes

Featured
2126 Norwalk Avenue, Eagle Rock, 90041, Eagle Rock
  • 1512.00
  • 4
  • 3
  • 2
Featured
5240 Ellenwood Place, Eagle Rock, 90041, Eagle Rock
  • 2037.00
  • 4
  • 2
  • 2
Featured
2434 Sleepy Hollow Drive, Glendale, 91206, Glendale
  • 1349.00
  • 2
  • 2
Featured
315 Concord Street #4, Glendale, 91203, Glendale
  • 1404.00
  • 3
  • 2.5
  • 2
Featured
4005 Guardia Avenue, 90032, El Sereno
  • 847.00
  • 2
  • 2
  • 2
Featured
3274 Romulus Street, Glassell Park, 90065, Glassell Park
  • 1427.00
  • 2
  • 2
  • 2
Featured
2386 Allen Avenue, Altadena, Altadena
  • 2087.00
  • 3
  • 2.5
  • 2
Featured
1047 Manzanita Street, 90029, Silver Lake
  • 1694.00
  • 2.5
  • 2
Featured
970 Montecito Drive, Montecito Heights, 90031, Montecito Heights
Featured
320 E Stocker #112, Glendale, 91207, Rossmoyne
  • 1046.00
  • 1
  • 1
  • 1
Featured
2160 Estes Road, Eagle Rock, 90041, Eagle Rock
  • 1800.00
  • 3
  • 2
  • 2

Income tax savings is an important benefit of home ownership.

Because of income tax deductions, the government is basically subsidizing your purchase of a home. All of the interest and property taxes you pay in a given year can be deducted from your gross income to reduce your taxable income.

For example, assume your initial loan balance is $150,000 with an interest rate of eight percent. During the first year you would pay $9969.27 in interest. If your first payment is January 1st, your taxable income would be almost $10,000 less – due to the IRS interest rate deduction.

Property taxes are deductible, too. Whatever property taxes you pay in a given year may also be deducted from your gross income, lowering your tax obligation.

Next: Stable Monthly Housing Costs

Slide 1
Stay in touch!
Sign up with your email address* to receive semi-weekly newsletters about life in Northeast Los Angeles, real estate market updates, and cool houses.
*The Tracy King Team will use the information you provide on this form to email you. Your information is secure and will not be shared.