$2,061,225 – 91.61 Acres of Almonds and a Hilltop-Home Site to Build your Dream Home. A Panorama Setting overlooking the Pond, the Orchard, the Landscaping, and the Sierra Foothills. Almond Trees were planted in 2011. There are Two Parcels, 2 Separate Well Systems with Micro Sprinklers, and Varieties of Nonpareil & Price. A Separate 2 bay Shop with a 1200sf studio.
Property Features
Land Info
Lot Description: Pond Seasonal
Lot Size Acres: 91.61
Lot Size Dimensions: Approx. 91.61 Acres
Topography: Rolling, Hilltop, Trees
Vegetation: Orchard
Lot Size Square Feet: 3990532
Exterior and Lot Features
Road Frontage Type: County Road
Homeowners Association
Association: No
Calculated Total Monthly Association Fees: 0
School Information
Elementary School District: Denair Unified
High School District: Denair Unified
Middle or Junior School District: Denair Unified
Rental Info
Income Includes: Crop(s)
Amenities and Community Features
Horse Amenities: Horse Amenities: 1-4 Stalls
Commercial Info
Business Type: Agricultural, Orchard
Other Property Info
Source Listing Status: Active
County: Stanislaus
Cross Street: Keyes Road
Development Status: Farm Land
Directions: Highway 99 To Keyes Road-East. Left on Silver Ridge. at the end of Silver Ridge.
Buying a home is expensive, but these tax credits and deductions can help you recoup some costs.
Key Takeaways:
There are several tax breaks for homebuyers that can help make homeownership more affordable.
Tax credits apply to the tax owed, while tax deductions reduce taxable income.
Some tax benefits extend beyond the initial purchase of a home.
One of the biggest benefits of homeownership is tax breaks. If you’re a homeowner, tax credits and deductions could save you thousands of dollars per year. But are there tax credits for buying a house? And what about deductions?
To help you come next tax season, here are tax credits and deductions you can get when you buy a house, and additional tax breaks that come with homeownership.
Both tax credits and deductions can help a homeowner save money on their tax bill, but they work differently. “Both lower one’s taxes, but a credit applies to the tax owed, while a deduction applies to one’s income that is subject to tax,” says Asher Rubinstein, partner and tax, asset protection and trusts and estates attorney at Gallet Dreyer & Berkey in New York City. “In other words, it’s a matter of timing and when the tax discount is applied.”
There are also refundable and nonrefundable tax credits. According to the IRS, if your tax bill is less than the refundable credit, then you get the difference back in your refund.
Credits are typically much more valuable than deductions. “For example, someone with a $1,000 tax credit in the 20% tax bracket will see their tax bill reduced by $1,000. Someone with a $1,000 tax deduction will only see $200 in tax savings,” explains Eric Presogna, founder and CEO of One-Up Financial and a certified financial planner public accountant.
There are two types of deductions available to all taxpayers: standard deduction and itemized deduction. If you take the standard deduction, you reduce your taxable income by a set amount. For the 2024 tax year, the standard deduction is $14,600 for single filers and $29,200 for married couples filing jointly. “There is no need for the taxpayer to keep records of individual tax deductions if the taxpayer takes the standard deduction,” Rubinstein says. Itemized deductions are individual tax deductions that could potentially add up to more than the standard deduction.
According to Presogna, homeowners should only take the standard deduction when they don’t have enough itemized deductions to exceed the standard. “With the SALT deduction (state, local, real estate taxes) currently limited to $10,000, a married couple would need more than $19,200 in mortgage interest, charitable donations and other qualifying deductions in order to warrant itemizing,” Presogna says.
The IRS has specific rules regarding how homebuyers qualify for certain tax credits. There are also credits that are only available to first-time buyers. You generally qualify as a first-time homebuyer if you’re purchasing your first home. However, you may still qualify if you’ve not owned a home for three years prior to the date of purchasing the new home for which the credit is claimed, according to the IRS. That home must be your principal residence.
One federal tax credit available to first-time buyers is through the Mortgage Credit Certificate (MCC) program. This program wasdesigned to help lower-income families afford a home. The MCC program allows buyers to claim a dollar-for-dollar tax credit for a portion of the mortgage interest paid per year, up to $2,000. Eligible individuals must be first-time homebuyers, use the house as their primary residence and meet the program’s income and purchase price requirements.
There may also be tax credits available through your state. These buyer programs vary from state to state. You can research what may be available in your local area or look through the U.S. Department of Housing and Urban Development’s directory of local homebuying programs.
There are more tax deductions available to homebuyers and homeowners than there are tax credits, but Presogna says it depends on whether you itemize your deductions or take the standard deduction. Regarding homeownership, “If you have enough deductions to itemize, real estate taxes, home equity loan and mortgage interest are some of the larger deductible costs,” Presogna adds.
Keep in mind that not everything is deductible. According to Rubinstein, most costs associated with homeownership do not qualify for any tax benefits, including cosmetic upgrades, homeowners insurance and your mortgage principal, to name a few.
Here are several tax deductions buyers may qualify for after purchasing a home:
First-time homebuyer savings account (FHSA). Some states offer tax benefits to first-time homebuyers to open an FHSA. This is a specific type of savings account that helps first-time buyers save up to $15,000 or $30,000 per year for a down payment, closing costs and other expenses related to their home purchase. You can deduct the annual savings from your state-taxable income, but limits vary by state.
Mortgage interest deduction. This is a deduction for interest paid on mortgage debt, but you will need to itemize your deductions to qualify for this tax break. “Under current law, this applies to loans up to $750,000,” Rubinstein says.
Property tax deduction. Through 2025, taxpayers who itemize their tax deductions can claim a deduction on their federal tax return up to $10,000 each year for local property taxes paid, according to Rubinstein. “When the tax law changed in 2017, this was very controversial, because taxpayers previously had an unlimited deduction,” he says. “The $10,000 limit is significant for taxpayers in high-tax states like New York and California.”
Mortgage points deduction. Per IRS guidelines, mortgage points are fees paid to take out a mortgage. This also includes origination fees or discount points purchased in order to reduce the interest rate.
Home office deduction. “If you’re a business owner or self-employed and work from home, you may be entitled to a deduction for the portion of your home used for business,” Presogna says. However, Rubinstein warns that this is the most audited deduction due to the amount of taxpayers who try to claim this deduction. “The IRS has specific rules to follow. For instance, you can’t work from home for an employer. You have to use a dedicated room and you have to use it regularly. And there are square footage limitations,” Rubinstein explains.
Many tax benefits extend beyond the initial purchase of a home. The IRS offers some tax benefits for certain capital improvements, such as renovating your home office, making energy-efficient improvements or making changes due to a medical condition. If you take out a home equity loan to buy, build or improve your home, you could qualify for the home equity loan interest deduction. The IRS would classify the interest you pay on the borrowed funds as home acquisition debt, which may be deductible.
First-time homebuyers could also potentially qualify for a traditional or Roth IRA penalty waiver. If you meet IRS qualifications as a first-time buyer and take out $10,000 or less, you can use those funds toward a down payment without a 10% tax penalty if you close within 120 days. However, the actual withdrawal may still be considered taxable income.
One of the biggest tax breaks for a homeowner is the exclusion of capital gains when they sell their home. Capital gains are the profit from the sale of the home. For married couples, the first $500,000 in capital gains are not subject to tax. For individuals, the first $250,000 in capital gains are not subject to tax. “However, the home has to be used as one’s personal residence for two out of the last five years in order to get this tax break,” Rubinstein says.
$639,900 – North Turlock Home!! Great Family Style Home with 2634sf of Living Space. A Resort in the Backyard with Privacy Fencing and Beachfront Built-In POOL. Hardwood Floors throughout, Granite Counters In Kitchen With Elegant Cabinets. High Ceilings in the Family Room with a Formal Dining Area. An Extra Study Room off the Family. The Master Suite has a Walk-in Closet, Wall-to-Wall Closets, Double Sinks, a Tub, and a Shower Stall. The Potential 4th Bedroom is currently a retreat for the 3rd Bedroom. Walking Distance to All Schools, Churches, Parks, Shopping, and More! A Must See!!
Property Features
Bedrooms
Bedrooms: 3
Bedrooms Possible: 4
Appliances
Equipment: Free Standing Gas Range, Dishwasher, Disposal, Microwave
Laundry Facilities: Inside Room
Heating and Cooling
Cooling Features: Ceiling Fan(s), Central
Fireplace Features: Family Room
Heating Features: Central
Number of Fireplaces: 1
Bathrooms
Full Bathrooms: 2
1/2 Bathrooms: 1
Bathroom 1 Features: Double Sinks, Tub w/Shower Over
Interior Features
Interior Amenities: Main Level: Living Room, Dining Room, Family Room, Garage, Kitchen, Street Entrance, Upper Level: Bedroom(s), Full Bath(s)
Flooring: Wood
Kitchen and Dining
Dining Room Description: Breakfast Nook, Dining Bar, Formal Area
Kitchen Features: Pantry Cabinet, Granite Counter, Island, Kitchen/Family Combo
Pool and Spa
Pool Features: Pool Type: Built-In
Land Info
Lot Description: Auto Sprinkler F&R
Lot Size Acres: 0.1694
Lot Size Square Feet: 7379
Garage and Parking
Garage Spaces: 2
Garage Description: Attached, Garage Door Opener, Garage Facing Front
$1,299,900 – A Breath-Taking & Stunning Ranchette Near the Modesto Fruit Yard!! This Remodeled 2264sf Home is Custom w/Added 400sf Game Room/4th Bedroom Basement. There’s a Large 40×50 Metal Shop w/approx. 480sf ADU Unit in Shop. Park-like setting w/ Pool, Spa, Fire Pits, & Garden Areas. A Magical House w/ Fancy Landscaping that feeds off the Remarkable Hardwood Floors onto the Elegant Outdoor Patio Area. Gourmet Kitchen w/ Everything that makes A Happy-Wife; Big Island, Commercial Grade SS Appliances, Spacious Pantry, and A Ton Of High-End Cabinets. Centered Fireplace in this Great Room Concept w/ an Enormous Living Area, Dining Bar, Nook, Study Desk, & Large Formal Dining Area. Newer Stucco, Newer Roof, Newer HVAC, Newer Cabinetry, Newer Stone Kitchen Counters, Newer Bathrooms, & Newer Windows/Doors. Master Bedroom w/ Two Walk-in Closets, Spacious Walk-in Shower, & Double Sinks with Quartz Counters. Grand Entrance with Large Wood Decking, Private, and Secluded. Flood Water from the Modesto Irrigation District (MID) w/ separate Ag well to supply the 2-acre Superb Almond Orchard & the Completely Fenced Pasture. This has a Former 4 Stall Horse Barn which are currently used for Crafts & Hobbies. Hard to find a property that shows this Elegant & Turn-key!! A Must See!!
Property Features
Bedrooms
Bedrooms: 3
Bedrooms Possible: 4
Primary Bedroom Features: Walk-In Closet 2+
Appliances
Equipment: Free Standing Gas Range, Gas Cook Top, Built-In Refrigerator, Dishwasher, Disposal, Microwave, Double Oven
Laundry Facilities: Cabinets, In Garage, Inside Room
Other Rooms
Master Bedroom, Bonus Room, Game Room, Great Room, In Law Apartment
Living Room Features: Cathedral/Vaulted, Great Room
$399,900 – A Beautiful Beginning!! Great Home with Great Floor Plan!! High-Vaulted Ceilings with Great Room to Accommodate Living, Dining, and Kitchen Areas. Newer Laminate Flooring Throughout with Newer Roof, Newer HVAC, Windows, French Door, and Remodeled Bathroom. Approx. 1292sf with 3 Bedrooms and 2 Full Baths. The kitchen has Granite Counters, Lots of Counter Space, and Many Cabinets. Inside Laundry. Good Size Backyard. A Must See.
Property Features
Bedrooms
Bedrooms: 3
Appliances
Equipment: Free Standing Gas Range, Dishwasher, Disposal, Microwave
Laundry Facilities: Cabinets, Inside Room
Heating and Cooling
Cooling Features: Ceiling Fan(s), Central
Fireplace Features: Living Room
Heating Features: Central
Number of Fireplaces: 1
Bathrooms
Full Bathrooms: 2
Bathroom 1 Features: Tub w/Shower Over
Interior Features
Interior Amenities: Main Level: Bedroom(s), Dining Room, Family Room, Master Bedroom, Full Bath(s), Garage, Kitchen, Street Entrance
Flooring: Carpet, Laminate, Tile
Kitchen and Dining
Dining Room Description: Dining Bar, Dining/Living Combo
Kitchen Features: Granite Counter
Other Rooms
Living Room Features: Cathedral/Vaulted
Land Info
Lot Description: Auto Sprinkler F&R
Lot Size Acres: 0.1377
Lot Size Dimensions: Approx. 6000sf
Lot Size Square Feet: 5998
Garage and Parking
Garage Spaces: 2
Garage Description: Attached Garage Door Opener, Garage Facing Front
Oakdale Ranch on a Super Quiet, Dead-end Country Road!! Park-like Setting with 1701sf Manufactured Home Built in 2001. Freshly Painted, High Vaulted Ceilings, with Separate Family and Living Areas. Kitchen has Island with Tile Counters with Open Space. The Home Site has a Large yard, Room for Animals including Horses and a Separate Barn with Game Room, Storage Room, and Easily converted into Horse Stalls. Young Almond Trees with OID Water. Irrigation was is connected directly to the Canal with a Booster Pump that Irrigates in 1 Set. Approx. 15 Acres of Independence Planted in 2016 on Double Line Drip. A Must See… A Great Property with a Great Setup!!
Property Features
Bedrooms
Bedrooms: 3
Appliances
Equipment: Free Standing Gas Range, Dishwasher, Disposal, Microwave
Laundry Facilities: Inside Room
Other Rooms
Master Bathroom, Master Bedroom, Family Room, Living Room
Living Room Features: Cathedral/Vaulted, Great Room
Heating and Cooling
Cooling Features: Ceiling Fan(s), Central
Heating Features: Propane, Central
Bathrooms
Full Bathrooms: 2
Primary Bathroom Features: Shower Stall(s), Double Sinks, Jetted Tub
Bathroom 1 Features: Tub w/Shower Over
Interior Features
Interior Amenities: Main Level: Bedroom(s), Living Room, Dining Room, Family Room, Master Bedroom, Full Bath(s), Kitchen
Flooring: Carpet, Linoleum
Kitchen and Dining
Dining Room Description: Dining/Living Combo, Formal Area
Kitchen Features: Pantry Cabinet, Island, Kitchen/Family Combo, Tile Counter
$1,425,000 – The Waterford Farm House!! This Cute 1820sf home has 3 Bedrooms bathrooms, a Home with Charm, Touch, and Views. This Property sits on a Knoll, overlooking a Panoramic View from its Front Porch. Big 60×50 Wood Barn and Separate two two-car garage with Storage Room, Bathroom, and a Possible Studio/Workshop Room. Over 36 Acres of Freshly Planted Nonpareils and Monterey’s (Viking Root Stock), Planted in January 2024, 2 Sources of Irrigation; an Ag Well that irrigates in 2 sets and MID 30hp Booster Pump Water from the Canal that irrigates in One Set. Big Wooden Barn in Great Shape with Cement Floors, and 4 Roll Up Doors that Setup for Work or Play. On the North side of the property, behind the Wooden Barn, there’s an RV/Mobile Building Pad Water, Power, and Trees to shade/privacy. This property Has the making of Your Long Term Homestead! This property backs up to the MID Main Canal.
Property Features
Bedrooms
Bedrooms: 3
Bedrooms Possible: 4
Appliances
Equipment: Dishwasher, Free Standing Electric Range
Laundry Facilities: Cabinets, Sink, Inside Room
Heating and Cooling
Cooling Features: Ceiling Fan(s), Central
Fireplace Features: Family Room
Heating Features: Wall Furnace
Number of Fireplaces: 1
Bathrooms
Full Bathrooms: 2
Bathroom 1 Features: Tub w/Shower Over
Interior Features
Interior Amenities: Main Level : Bedroom(s), Dining Room, Family Room, Kitchen
Flooring: Carpet, Linoleum, Wood
Kitchen and Dining
Dining Room Description: Formal Area
Kitchen Features: Kitchen/Family Combo
Other Rooms
Living Room Features: Great Room
Exterior and Lot Features
Other Structures: Guest House, Workshop, Outbuilding
Land Info
Lot Description: Auto Sprinkler Front
Lot Size Acres: 36.15
Lot Size Dimensions: Approx. 36 acres
Lot Size Square Feet: 1574694
Garage and Parking
Garage Spaces: 2
Garage Description: 24’+ Deep Garage, Garage Facing Side, Workshop in Garage
$999,900 – 19 Acres on the Edge of Ceres. Within the General Plan of Ceres with a future zoning of Very Low Residential Housing. 2 Different Irrigation/Water Sources. Butte/Padre Varieties on TID Flood Irrigation and this property is part of the Gilbert Well Improvement. Invest in Almonds Trees, Growth, Truck Parking, and Tax Shelter. This can be the Right Property for the Right User. Long Term Purchase to Develop into your Dream Property. A Must See!! The 2024 Almond Crop is included in the Sales Price!!
Property Features
Land Info
Lot Description: Shape Regular, Greenbelt
Lot Size Acres: 19.17
Lot Size Dimensions: Approx. 19.17 Acres
Topography: Agricultural Leveled
Vegetation: Crop(s), Orchard
Lot Size Square Feet: 835045
Exterior and Lot Features
Road Frontage Type: City Street, County Road
Home Features
View: Orchard, Panoramic, City
Homeowners Association
Association: No
Calculated Total Monthly Association Fees: 0
School Information
Elementary School District: Ceres Unified
High School District: Ceres Unified
Middle or Junior School District: Ceres Unified
Rental Info
Income Includes: Crop(s)
Commercial Info
Business Type: Agricultural, Commercial, Subdivision, Industrial
Other Property Info
Source Listing Status: Active
County: Stanislaus
Cross Street: Hatch
Development Status: Raw Land, Farm Land
Directions: On Faith Home. Between Whitmore and Hatch. It’s the Second Parcel South of Hatch, East Side of Faith Home.
Price Change $899,900 – 16.7 Acres of Country Home in the Gratton School District! Young Trees were planted in 2017. This Large Ranch Home is 2176sf with 4 Bedrooms and 2 Full Baths. Recently New Remodeled Bathroom and Some Flooring. In the Last 5 years, the Roof, Septic, Well, and HVAC have been replaced. Old Charm with Large Living Spaces. The Home Site Pad is big enough to Add a Metal Shop, Park Trucks, and/or Setup for Animals. Almond Trees are Independence, Planted in 2017, and Very Good Producers on Lovell Root Stock. The spacing is 20×15. TID Flood Irrigation and Setup on a 15 Hp Booster Pump on Micro-Sprinklers, irrigates in One Set. There are Two Improvements in Ag Wells for Winter Irrigation or Frost Protection. Great Location. A Must See! The 2024 Almond Crop is included in the Sales Price!!
Property Features
Bedrooms
Bedrooms: 3
Bedrooms Possible: 4
Appliances
Equipment: Dishwasher, Free Standing Electric Range
Laundry Facilities: Inside Area
Heating and Cooling
Cooling Features: Ceiling Fan(s), Central
Fireplace Features: Family Room
Heating Features: Central
Number of Fireplaces: 1
Bathrooms
Full Bathrooms: 2
Primary Bathroom Features: Shower Stall(s)
Bathroom 1 Features: Tub w/Shower Over
Interior Features
Interior Amenities: Lower Level: Family Room, Main Level: Bedroom(s), Living Room, Dining Room, Master Bedroom, Kitchen, Upper Level: Bedroom(s), Living Room, Kitchen
$1,386,000 – Almost 40 acres of Almonds to build your Perfect Building Site… Nonpareil and Carmel varieties on Lovell Root Stock. Micro-Sprinklers with 2 Water Sources; Newer 150hp Deep Well and TID Canal Water using Booster System with Sand Media Filters to irrigate in ONE set. This one has Great Dirt, Great Water, and Great Setup. A Must See! The 2024 Almond Crop is included in the Sales Price!!
Property features
Exterior and Lot Features
Fencing: Full
Road Frontage Type: City Street, County Road
Land Info
Lot Description: Shape Regular, Greenbelt
Lot Size Acres: 38.5
Lot Size Dimensions: Approx. 19.17 Acres
Topography: Agricultural Leveled
Vegetation: Crop(s), Orchard
Lot Size Square Feet: 1677060
Home Features
View: Orchard, Panoramic, City
Homeowners Association
Association: No
Calculated Total Monthly Association Fees: 0
School Information
Elementary School District: Denair Unified
High School District: Denair Unified
Middle or Junior School District: Denair Unified
Rental Info
Income Includes: Crop(s)
Commercial Info
Business Type: Agricultural, Commercial, Subdivision, Industrial
Other Property Info
Source Listing Status: Active
County: Stanislaus
Cross Street: Hickman and Hall Road
Development Status: Raw Land, Farm Land
Directions: Hickman Road to Lake Road East. North Side of the road, next to the TID Canal.