10 Tax Breaks with Home Ownership
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10 TAX BREAKS WHEN YOU OWN A HOME
When you decided to own a home as opposed to renting one, you were getting started on the road to creating an investment. To assist homeowners with the strain caused by paying high mortgages, the US government has created numerous tax deductions specifically designed to lower the payments you’ll have to make during tax season.
Below, we’ve listed 10 tax breaks that you should know about now that you own a home. They are:
Mortgage interest
Points
Property Taxes
Mortgage Insurance
Tax & Penalty-Free IRA
Home Improvements
Energy Credits
Home Sale Profits
Home Equity Loans
Adjusting your Withholding
