DO I GET A TAX BREAK FROM BEING A HOME OWNER? ??? ?
Posted by Krys Benyamein on Monday, December 19, 2022 at 11:48:47 AM
By Krys Benyamein / December 19, 2022
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DO I GET A TAX BREAK FROM BEING A HOME OWNER? 🤔
One of the biggest and most important tax incentives involves your actual mortgage payment. The mortgage interest deduction allows you to reduce your taxable income by the amount of money you’ve paid in mortgage interest during the year.
If your home is also your principal place of business, you may be able to deduct expenses associated with your home office.
The list continues to include deducting points, property taxes and more.
While you should definitely consult a tax expert before trying to figure this one out alone, know that your home might just be the gift that keeps giving.
Send this to someone to share the holiday spirit. 🎅🏾
#taxes #estateofgrace #krysbenyamein
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