Tag: taxes

State, federal tax benefits for homeowners

Written by Federal Title on 2016-05-13.

The ink has dried and keys have been exchanged. Your real estate agent snapped a few pictures for social media, commemorating the day you became a homeowner. If you’re like most Americans, your home is now your largest asset. And while...

MoCo Council to consider increase to recordation taxes

Written by Federal Title on 2016-04-21.

The cost of buying a home in Montgomery County may soon increase, as County Council President Nancy Floreen has proposed an increase in the recordation taxes paid at real estate closings as a way to finance school construction. The measure...

What’s the status on B21-0417, aka The First-time Homebuyer Tax Benefit Amendment Act of 2015?

Written by Federal Title on 2016-04-11.

Legislation that would offer tax relief for District residents buying DC real estate is currently under committee review and awaiting scheduling for a mark-up, a spokeswoman for the Council's Committee on Finance and Revenue said. Known...

Big change for Maryland refinances involving non-principal residences

Written by Federal Title on 2013-06-28.

Until recently, Maryland treated refinances of principal residences and other properties differently. A borrower refinancing a principal residence paid recordation taxes on the difference between the outstanding principal balance of the existing...

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Tag: taxes

State, federal tax benefits for homeowners

MoCo Council to consider increase to recordation taxes

What’s the status on B21-0417, aka The First-time Homebuyer Tax Benefit Amendment Act of 2015?

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Big change for Maryland refinances involving non-principal residences

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