6 Tax Breaks Most Home Buyers Don't Realize They Can Get
Tax season is here once again, which means you don't want to miss out on any tax deductions you may qualify for. Whether you purchased a home in 2016 or you’ve been living in your existing home for some time, you may benefit from a few home owner tax deductions. Here are some deductions to consider.
One of the largest tax deductions for homeowners is the interest made on mortgage payments, which covers interests paid up to $1 million dollars.
As a home owner, you’ll need to file an itemized tax return in order to claim your deduction. To know how much you paid in interest your loan provider will send you a 1040 form shortly after the tax year ends showing how much you…