• Tax Benefits for Homeowners: Expert Tips

  • Feb 12 2024
  • Length: 19 mins
  • Podcast

Tax Benefits for Homeowners: Expert Tips

  • Summary

  • In this episode of The Home Show, We discuss how the Tax Code and Real Estate can make you wealthy with Camari Ellis, a seasoned tax professional with over 30 years of experience. Mr. Ellis provides insights into the tax benefits of homeownership and shares practical advice on tax planning and financial education. The conversation revolves around whether buying a home to save on taxes is wise and how the tax code can help build generational wealth. We also explore how homeownership can provide stability and create lasting family memories. Lastly, we discuss the need for a collective approach to buying property and creating a solid money team for financial success.

    00:00 Introduction and Welcome

    00:00 Introducing the Guest: A Tax Professional

    00:32 The Importance of Financial Education

    01:47 The Power of Real Estate in Tax Planning

    01:51 Understanding Tax Credits and Home Ownership

    02:04 The Strategy of House Hacking

    04:41 The Tax Benefits of Running a Business from Home

    07:23 The Emotional Value of Home Ownership

    08:29 The Importance of Buying a Home You Can Afford

    09:31 Tax Benefits of Selling Your Home

    09:59 The Reality of Real Estate Investments

    10:03 The Importance of Location in Real Estate

    10:03 The Power of Homeownership

    10:54 The Risks of Overspending on a Home

    11:36 Building Your Money Team

    12:15 The Power of Insurance

    13:05 The Impact of Student Loans on Homeownership

    13:21 The Capital Gains from Home Appreciation

    17:34 The Power of Multi-Generational Living

    19:49 The Importance of Community in Homeownership

    20:20 Closing Thoughts on Homeownership


    Guest Information: 

    Camari Ellis, EA

    Website

    Appointment

    YouTube


    NMLS: 180100 | 115140

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