Homeownership is a wonderful thing. After all, home is where we make memories, build our futures, and feel comfortable and secure. In addition to that, home ownership holds many financial benefits. This becomes increasingly clear each year leading up to April 15—tax day. And for new homeowners preparing their taxes for the first time as a non-renter, the National Association of REALTORS®’ consumer website, HouseLogic, has put together a list of some of those important home tax deductions to keep in mind. HouseLogic covers some of the more well-known deductions, like the mortgage interest deduction, but also reminds homeowners of other important possibilities—such as the Nonbusiness Energy Tax Credit (for homeowners who have made energy-efficient upgrades) and the private mortgage insurance deduction.
Check out HouseLogic’s tips(link is external) for how homeowners can make the most of tax time. Talk to a REALTOR® to get additional homeowner tax dos and don’ts. Speak to someone who prepares taxes and see what he or she advises homeowners to remember during tax time to get the best return.
Author:Dorothy Lee Phone: 615-973-6363 Dated: January 26th 2017 Views: 377 About Dorothy: Dorothy Lee’s 22+ years extensive knowledge and experience in Real Estate provides her a unique v...
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"Dorothy was personable, professional, and wonderful to work with. She had great ideas on how to sell my home. Dorothy used her many years of experience to help me set my price, negotiate counter offers and close the deal. She actually had two offers within 4 days of it being on the market a and ultimately had my house sold and closed within 25 days. "