What Sort of Tax Benefits Are Available to Homeowners?

The primary tax benefits for homeowners are deductions. The numerous tax deductions available to homeowners include the mortgage interest tax deduction and the property tax deduction. Homeowners may also reduce taxable capital gain after the sale of a home and deduct the interest on their home equity loans.

Tellus TIP:

If you work from home, you may be able to deduct the cost of improving or repairing your home office.