Tax Breaks for Homeowners
By Elizabeth Straessle, MRP, ~Military Spouse~ AllAmericanHomeSourceRealty.co
(All American Home Group)
Tax Breaks for Homeowners So you’re a homeowner, you better read this list of tax breaks for homeowners! Working on taxes made me think to share some helpful Tax Breaks for Homeowners. This is just meant to be a helpful place to start as I’m not an accountant so double check with a professional when preparing your taxes. 1. Mortgage Interest Deduction- Tax Breaks For Homeowners This is probably the top tax break for homeowners to take advantage of. When you first start paying your mortgage a very large portion of what you are paying is the interest and you can deduct all of that on your taxes. Your lender will issue you a 1098 so you know exactly how much you can deduct. 2. Mortgage Insurance Premiums- Tax Breaks For Homeowners If your mortgage loan-to-value ratio is great...
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