Tax Deductions for Home Buyers in 2016

Wednesday, March 8th, 2017
Verani Realty

Did you buy a home last year? You may be just settling into your new home and unpacking that last box, but there is more work to be done – learning which expenses you can claim as tax deductions as a new homeowner. This is an area where it pays to buy a home rather than rent! This is probably a year where having a tax advisor or accountant to help you file is a wise investment because they can ensure you get the most out of these new deductions that you are entitled to. But, it pays to understand the basics before you head to see your tax professional. The following is a list of terms regarding homebuyer deductions, and what they mean.

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