Owning a home isn’t just about having a place to call your own—it can also come with some major tax perks. From mortgage interest deductions to property tax write-offs, homeownership can help lower your taxable income and potentially boost your savings. While tax season just passed, it’s never too early to start planning for next year. Buying a home now could set you up for some valuable deductions when it’s time to file again.
And if you’re thinking about selling, there are benefits there too! If your home’s been your primary residence for a couple of years, you may be able to keep a chunk of the profit from the sale without owing taxes on it. Plus, things like upgrades or selling expenses could help reduce how much is considered taxable.
Whether you’re buying your first place, selling your current one, or just exploring your options, let’s chat! A little planning now can go a long way toward meeting your goals.
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