Owning a home isn’t for everyone, but there are some great tax benefits for people who do. Building equity is a popular reason why renters decide to become homeowners. Paying a mortgage allows you to build up equity in property that you can realize when you sell. And when you do sell, profits you make from the sale are tax-free up to certain limits. Homeowners may also be able to deduct the cost of mortgage interest and property taxes as itemized deductions.
Tax Benefits that make Homeowners Happy in 2017
By Tami Benus|2017-09-26T08:00:17-05:00September 26th, 2017|Blog|