You’ve saved up enough for a down payment. You’ve located the perfect house in the perfect neighborhood. You’re ready to negotiate your mortgage and schedule a move-in date. But have you thought about how home ownership will impact your tax return?
Luckily, most of the tax considerations related to home ownership work out in your favor! For instance, you should be able to deduct your home mortgage interest and your real estate taxes from your taxable income. That savings during tax season can help offset the cost of home ownership.
Need a tax help specialist to guide you through these and other perks and tax issues? In and around Orlando, Taxation Solutions, Inc. is your best choice for tax resolution services. We have 40 years of experience among our staff, and we’re committed to quality workmanship. Whether you come to us for advice or for assistance taking care of major tax problems, we’ll handle your case with skill and care.
To learn more about how buying a home affects your tax return, or to book an appointment to speak with us about your tax troubles, call or e-mail us today.