The tax deadline is fast approaching. April 15th will be here before we know it and deductions are top of mind. We are always thinking about what deductions we can take to help get the return we are hoping for. Childcare, healthcare expenses and school loan interest are just a few that come to mind. If you own a home, there are several deductions you can take advantage of. Do you know them all? Over on realtor.com, they’ve compiled a list of tax benefits for home owners. Check out these tax write offs:
- Your mortgage interest
- Your property taxes
- Private mortgage insurance (PMI)
- Energy-efficiency upgrades
- A home office
- Home improvements to age in place
- Interest on a home equity line of credit
Read the full article here and learn more about each of these write offs: http://www.realtor.com/advice/finance/tax-benefits-of-owning-a-home/.
Whether you sit down with a tax professional or do your own taxes online, make sure you understand each of these benefits before you file.
