Bob Ramalho

Berkshire Hathaway - Verani Realty

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Bob Ramalho November 22, 2023

Which Big Tax Breaks Are Available From Home Credits

There are several big tax breaks available from home credits that can help homeowners save money on their taxes. Here are some notable examples: Mortgage Interest Deduction: This is one of the largest tax breaks for homeowners. You can deduct the interest paid on your mortgage loan, up to a certain limit, as an itemized deduction on your federal income tax return. The Tax Cuts and Jobs Act of 2017 reduced the mortgage interest deduction limit for new mortgages, but it still remains a significant … [Read more...]

Filed Under: Real Estate Tagged With: Deductions, Mortgage Interest, Property Tax

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