Saturday, March 24, 2018
 Buying  |  Selling  |  Financing  |  Relocating  |  Homeowning  |  First-Time Buyer 

Refer A Friend

George P. Irish
30+ Professional Designations. See Page Below.
Davis R. Chant Associates, Inc.
2515 Route 6 Suite 2
Hawley, Pennsylvania 18428

Office: 800-494-1088
E-mail Me
Visit My Website
Find Properties
Buyers Information
Sellers Information
Contact Us

Read All About the George P. Irish Team

Read About George Irish's Designations and Certifications

Let The George P. Irish Team Guide You to The Perfect Home

Quick Checklist For Finding The Perfect Home
4 Smart Strategies For Purchasing Your Next Home
Secrets To An Easy Contract Closing
FREE Reports by Mail
Why Every Home Buyer Needs One
Nine Deadly Traps To Avoid When Buying A Home
How To Buy Now And Save Thousands In Interest And Taxes

Real Estate Tip Of The Week
For the Week of March 18, 2018...

Did You Know Your Paycheck Gets Bigger When You Buy a House?

Amazing, but true. Buying a home adds to your "take home" income – possibly by several hundred dollars or more – simply by increasing the number of federal income tax withholding allowances on Form W-4. Hand with Cash
  • Here’s how it works.

  • New home buyers generally find that their pre-purchase withholding rate will result in overpayment of taxes, if they don’t adjust their withholding allowances. That’s because they haven’t reduced their withholding to compensate for reduced taxes caused by deductions for mortgage interest and property taxes – items that are currently deductible at income tax filing time.
  • See for yourself.

  • A first-year homeowner who paid $9,000 in interest and real estate taxes, and who itemized deductions in a 28% tax bracket, would have overwithheld and would get a large refund next year. In this case, $2,520.
  • Enjoy your bigger paycheck.

  • Increasing the number of withholding allowances, on the other hand, reduces the amount withheld to pay future taxes – which puts your tax refund in your paycheck today, not at the end of the year. With the additional cash in your hands instead of in the government’s, you’ll have more cash to meet payments and live on.
  • Be sure to check the tax rules.

  • The rules for claiming allowances are simple. Working couples filing jointly figure withholding allowances on combined wage income and may allocate them between employers. On separate returns, the allowances must be figured separately. And if you work for two or more employers at the same time, you may claim withholding allowances from only one employer.
Please e-mail or call us with questions about your specific real estate situation.
Get more free info
We'd be happy to send you the latest upcoming editions by e-mail as soon as they are published. Free. No obligation.
First Name  
Last Name  
More Help For Buying


Tip of Week

Quote of Week


Search all the homes for sale in our area.

Become a VIP buyer or seller. Beat your competition to the best properties in today's market. No cost, no obligation.
FREE Electronic Real Estate Reports:
These reports can help save you thousands, delivered free to your inbox.
SEARCH Quick Checklist For Finding The Perfect Home
MOVE UP 4 Smart Strategies For Purchasing Your Next Home
SETTLEMENT Secrets To An Easy Contract Closing
LOCATION The Most Important Questions Every Buyer Should Ask
FIRST TIME How To Buy The Most Home For Your Money
NEGOTIATE How To Buy The Home You Love At The Price You Want
HEALTHY HOMES The Top 10 House Maladies To Avoid
PLAY SMART Savvy Tips On Buying A Vacation Home
TIRE KICKING Secret Tests To Check A Propertyís Condition
INVEST YOUR RENT Why Pay Your Landlordís Mortgage
Home  |  Information Center  |  Ask Us
Buying   |  Selling   |  Financing   |  Relocating   |  Homeowning   |  First-Time Buyer
Copyright 2018, Gooder Group.
Absolutely no part of this page may be reproduced or distributed without written permission.
All rights reserved by Gooder Group, Gaithersburg, MD, (703) 698-7750.