Homebuyers: Save Money on Your Taxes Ahead of Tax Reform

• Depending on your situation, prepaying 2018 property taxes this year could make sense.
• You also could prepay January's mortgage and write off the interest in 2017.
• Both the Senate and House versions of tax reform would require you to live in your home for five years instead of two to get an exemption from paying taxes on any capital gains generated by the sale.

Homeowners might want to consider prepaying certain house-related expenses this year in advance of tax legislation that could clear Congress as early as this month. CLICK HERE for article.

The Easterbrook Team

916.850.6050

EasterbrookTeam@spmc.com