Tag: taxes

Don’t Lose your $692 Tax Credit in Montgomery County!

Written by Ben Raffel on 2023-03-14.

Montgomery County offers an Income Tax Offset Credit (ITOC) of $692 for residents who live in the property they own. State law now requires property owners to have a Homestead Tax Credit (HTC) on file with the Maryland State Department of...

Continue reading

block of colorful DC rowhouses beneath azure sky

Real estate tax and escrow/reserves explained…

Written by Todd Ewing on 2022-07-15.

Homebuyers and refinancing homeowners are often confused at closing about their mortgage lender escrow/reserve requirements. Typically if a homebuyer’s down payment amount is less than 20% or a refinancing homeowner’s equity is less than...

Continue reading

What does ‘no consideration’ deed mean?

Written by Federal Title on 2022-04-27.

When someone says “no consideration” deed, what does it mean? Does it mean no transfer and recordation taxes? No. It actually means that the property is being transferred via deed without money exchanging hands. However, not...

Continue reading

Deed transfers in Montgomery County… explained

Written by Federal Title on 2022-04-07.

In our previous looks at the topic of deed transfers, we’ve outlined the most commonly asked questions in our deed transfers FAQ and explored deed transfers + joint tenants as well as deed transfers + revocable trusts in DC. Today we...

Continue reading

curious woman against yellow background

Tax Break Low Down: What Every Homebuyer Should Know

Written by Kimberly Gentile on 2022-02-01.

Tax season is just around the corner. As a title company, we’ve become quite familiar with closing and ongoing costs of homeownership that may entitle you to some tax relief. Below are some of the most common tax breaks homebuyers can...

Continue reading

1
2
3
4
…
10

Just a Quote, Please »

©2023 Federal Title & Escrow Co.
5335 Wisconsin Avenue, NW Ste 400
Washington, D.C., 20015
Email: info@federaltitle.com

REALSafe™ Closing Solutions »

Quick Links

®All rights reserved | Sitemap | Privacy Policy

<iframe src="https://www.googletagmanager.com/ns.html?id=GTM-KSQCRZC" height="0" width="0" style="display:none;visibility:hidden"></iframe>