taxes Archives - Federal Title & Escrow Company

Tag: taxes

DC Tax Abatement Income, Purchase Price Thresholds Increase

Written by Federal Title on 2020-10-05.

Officially known as the Lower Income Homeowner Exemption Program, DC Tax Abatement delivers a large tax savings to first-time homebuyers who qualify.

DC First-Time Homebuyer Recordation Tax Reduction

Written by Ben Raffel on 2019-10-17.

Below Are The Updated (October 2019) Requirements To Qualify For A Recordation Tax Reduction: The purchase price can’t exceed $647,000. Total household income doesn’t exceed the below thresholds: Persons In Household Household...

5 Things to Know About DC Homestead Deduction

Written by Federal Title on 2018-07-23.

In the process of purchasing a property, it is hard to keep track of all of the elements involved. Such elements can even include things that could be beneficial to the homebuyer. Therefore, we here at Federal Title do our best to keep homebuyers...

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

Written by Federal Title on 2018-04-05.

What’s the Benefit? The Maryland First-Time Homebuyer Credit exempts the buyer from paying the State Transfer Tax. Qualifications* All homebuyers must be individuals (cannot be a trust or other entity) who have never owned in the state of...

DC Real Property Assessment Cap Credit

Written by Federal Title on 2018-01-10.

Understanding the property tax assessment process can be a bit tricky. Specifically, it can be difficult to understand the difference between an assessed value and a taxable assessed value. Part of the confusion has to do with the Assessment...

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Tag: taxes

DC Tax Abatement Income, Purchase Price Thresholds Increase

DC First-Time Homebuyer Recordation Tax Reduction

5 Things to Know About DC Homestead Deduction

What’s the Benefit of the Maryland First-time Homebuyer Tax Credit?

DC Real Property Assessment Cap Credit

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DC First Time Homebuyer Program vs DC Lower Income Tax Abatement Program: What proof of income documents do I need to provide to the title company?

A Guide to Tenancy