Homeowners carry expense burdens that renters are able to avoid. Home repairs, homeowner’s insurance, and property taxes are the heavy hitters, often consuming so much of their income that homeowners find themselves less able to purchase the goods and services they desire, not to mention luxury items and vacations.
Tax filing, while never enjoyable or exciting, is a key opportunity for homeowners to recoup a portion of the money they’ve had to put into their home by taking full advantage of the deductions and credits that exist to assist them. In this article, we’ll take a closer look at just a few of the tax breaks that any homeowner should consider.
One note before we get started: these homeowner deductions are all itemized. That means you won’t be
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