5 Homeowners Tax Deductions I Wish I Knew About Sooner

Raise your hand if the phrase “tax season” makes you sweat.

Honestly, same. 🤯

But I want to share some great news: As a homeowner, you’ve got some serious bennies come tax time.

Don’t miss 5 of my favorite deductions:

First up - Mortgage interest. The interest on your mortgage is tax-deductible. At least there’s one good thing about interest, right??

Second - Property taxes. Most homeowners are eligible to deduct the property taxes they pay on their homes.

Third - Don’t forget those home office expenses. If you have a home office, you can deduct a portion of your home’s expenses, like utilities and insurance.

Next up - Home improvements. Certain home improvements, like energy-efficient appliances or a new roof, may qualify for a tax credit.

Last - Moving for a new job? You can deduct some of your moving expenses, like hiring movers or renting a truck.

If you’re not sure which deductions you qualify for 👉 Consult a tax professional or do some research to find out.