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How to Decide Whether to Hire Movers or Move Yourself
How to Estimate Moving Costs
How to Break an Apartment Lease
How to Buy a Manufactured Home
How to Fight an Eviction
How to Estimate Construction Costs for a New Home
How to Buy a House at Auction
How to Amass a Real Estate Empire
How to Break a Lease
How to Buy a House Using a Real Estate Tax Lien
How to Arrange a Deed in Lieu of Foreclosure
How to Be a Real Estate Agent
How Much Does Renting a House Cost?
How Does Owner Financing Work?
How Does Inflation Affect House Prices?
How to Compare Prices When Renting Houses
Finding the Right Apartment
House Renting & Taxes
How to Conduct an Open House
How to Buy a Foreclosed Home
How to Buy a Foreclosed Home at Auction
How to Cash in on Foreclosures
How to Buy a House Privately
How to Buy a Mobile Home
Buying Vacant Land
How to Buy a House
How to Buy a Residential Lot
How to Buy Farm Land
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One benefit of renting a house is not having to pay property taxes, but only homeowners are able to reduce… More
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When filing income taxes, claim deductions for health savings account contributions, retirement account co… More
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Summary: One benefit of renting a house is not having to pay property taxes, but only homeowners are able to reduce their income tax through deductibles. Weigh the pros and cons of renting a house and buying a house with information from a real estate broker in this free video on house rental.
Penny Smith has been in real estate for more than 14 years. She has a degree in architectural design and has received buyer and seller associate training, as well as CMA Training. She...read more
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"Hello, my name is Penny Smith and I'm a real estate broker in North Carolina. I'd like to talk to you today about house renting and taxes. Well as most of you know, if you're renting a house, you're not going to get the tax deduction on your income tax. But you don't have to pay property taxes on that house either. So there's two benefits. I highly recommend owning a house instead of renting, but there is a purpose and a point in time in which it is best to rent. So if you are renting a house, plan on being able to enjoy the house without paying property taxes but also take into fact that you will not be able to reduce your income tax through your deductibles on renting a house. You only get that if you own. And that is how to rent a house and the stipulations on paying taxes both ways. Thank you."
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