I look forward to tax season every year. Not because I enjoy doing my taxes – in truth, I don’t do them at all, I leave that to my tax preparer – but because I count on my annual refund to finance whatever repairs or upgrades I need or want to make to my house. When I was young and rented my tax refund never amounted to much, it was little more than fun money – good for a shopping spree or maybe a weekend getaway. Now, thanks to my little Craftsman bungalow, I get a whopping refund that I happily plow back into the house. To me, it’s one of the perks of owning a home.
Homeowners who itemize know that mortgage interest and property taxes are two of the biggest tax deductions available to them. But the good news doesn’t stop there. The IRS offers a slew of tax breaks and credits that help reduce the costs of and maximize the financial investment in homeownership. Read our Top 10 Tax Breaks for Homeowners guide and discover eight other ways to keep more money in your pocket.
- Find out how being green can save you green at tax time
- Learn how points paid to buy or refinance now point to a cool tax break
- Discover the deductions that make home sellers happy
Get Top 10 Tax Breaks for Homeowners now.