Related Articles

As the year comes to a close, homeowners have a lot to celebrate, especially when it comes to year-end tax benefits. Homeownership is not just about building equity and having a place to call your own; it’s also a financial investment with a host of tax advantages. Explore the tax benefits of owning a home, so you can make the most of them as the calendar turns. I’m not a CPA, but here are some real estate areas to discuss with yours.

Mortgage interest deductions

One of the most significant tax benefits of owning a home is the ability to deduct mortgage interest. The interest you pay on your mortgage is generally tax-deductible, as long as the loan is for your primary residence or a second home. For many homeowners, this deduction can result in substantial tax savings.

See Full Page