is there a calculator where u can estimate how much of a tax refund you will get at the end of the year if you buy a house at a given price? Thank youuuu
Real Estate Professional · West Palm Beach, FL · Member since 2012 · 23k+ posts · 13k+ votes
7y
Primary residence or investment property. You wouldn’t necessarily get a refund due to either case though. A refund is a function of what you’ve paid in already verses how much you owe at the end of the year,after all deductions, of course, so there’s a lot more to it than just what deductions a new house may allow.
well I’d like to see it both ways but mainly for a primary residence. I’d just like to see what the estimate would be before I buy a place since that is something to consider. There has to be a calculator somewhere where u can put in your annual income and deductions and at least get a rough estimate of what amount of tax refund you’d get at the end of the year.