Posted on: 06th Nov, 2013 02:18 am
I will be buying a home before marriage as the rates are going up. I need to know if it will be a good move or can I get any kind of tax break if I purchase a property after marriage?
Hi Guest,
You will have to contact a tax adviser and take his opinion in this regard. He will let you know more in this regard.
Take care
You will have to contact a tax adviser and take his opinion in this regard. He will let you know more in this regard.
Take care
Welcome Guest,
If the rates are going low now, then you can go for a mortgage now. Later on, if required you can get the mortgage refinanced and add your wife to it.
If the rates are going low now, then you can go for a mortgage now. Later on, if required you can get the mortgage refinanced and add your wife to it.
Buy now is fine with or without your finace on the mortgage and deed now.
You can check with a CPA, but, I know of no tax break associated with buying after you are married. Maybe filing jointly versus separately until married means you have to decide who gets the interest and property tax deductions before getting married, but, that does not matter as far as you getting or losing any benefit of home ownership.
You can check with a CPA, but, I know of no tax break associated with buying after you are married. Maybe filing jointly versus separately until married means you have to decide who gets the interest and property tax deductions before getting married, but, that does not matter as far as you getting or losing any benefit of home ownership.
