Your home is your castle, and it is also a source of tax deductions. Yet, every year, Americans let these potential tax deductions pass by, not realizing how to take advantage of them. Complicating matters, the Tax Cuts and Jobs Act of 2017 has made major changes to the tax breaks that every homeowner should know.
IRS Publication 530, titled "Tax Information for Homeowners", can fill you in on the deductions that are available to you for the 2017 tax year. Several of the most important tax benefits are listed below.
Check the IRS publications and see if any of these valuable deductions apply to you. Take advantage of every tax deduction that you can. Otherwise, the government simply keeps more of your money.
Get your Refund Fast and File your Taxes for Free.
Originally Posted at: https://www.moneytips.com/top-tax-benefits-of-home-ownership
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