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Don’t Forget About Homeowner Tax Breaks

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Don’t Forget About Homeowner Tax Breaks

One of the many perks of homeownership is big tax breaks. So whether you’re doing your taxes yourself or getting help from a professional, it’s important to take advantage of those breaks!

Mortgage Interest Deduction: Before buying a home, a standard deduction may have made the most sense when you prepared your taxes. But homeowners can deduct the interest portion of their mortgage payments, and the earlier you are in your mortgage, the greater the percentage of each payment that goes toward interest, so take advantage right away!

Home Office: There are specific criteria that have to be met in order to deduct home office expenses, but it can lead to a very large deduction. In general, your home office has to be used specifically for business purposes. Check with a tax professional to see if your home office qualifies for a deduction—it’s a little extra work, but can make a big difference in your tax responsibility.

Posted in: Homeowners

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About Us

A key part of providing the best service to our clients is to provide them with knowledge, guidance and the support needed throughout the entire selling or buying experience.

We want to provide the very best service to our clients.  This means that for the home seller, we want to ensure that every home listed through us is given the attention necessary to properly promote it in the market place, and that every buyer that we assist receives everything they need to find the home they’ve been looking for.

Contact Us

(678) 386-5622
MikeSherrard1@gmail.com
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