Tax Breaks for Homeowners

A huge benefit of being a homeowner is the ability to take advantage of a number of tax breaks. Check out the possibilities.

Hopefully, part of the reason you decided to buy a home and stop renting is for the tax breaks. And there are quite a few of them!

Depending on your income level, you can deduct several expenses associated with owning a home, including mortgage interest, real estate taxes, private mortgage insurance (PMI) and any money you paid toward points or origination fees.

If you moved 50 miles or more for a new job, you can even deduct some of your expenses, such as the cost of packing, transporting or storing your household goods.

Remember to consult a tax professional about your particular situation.

Next Up

Building Mortgage Interest: More Tax Deductions and Incentives for Homeowners

Learn about the many tax advantages of homeownership, including special deductions and local incentives.

Understanding Property Taxes and Assessments

Homeowners have to pay property taxes. Before you buy, know how your local property taxes and special assessments will impact your cost of ownership.

Calculating Your Property Tax Bill

The tax amount you see on a listing might have nothing to do with how much your property tax bill will be after you buy the home. Here's how to crunch the numbers.

Tax Deductions for First-Year Home Owners

Deduct money paid towards mortgage points or origination fees.

The 5 Most Common Questions From New Homeowners

If you're a new homeowner, you likely have questions about budgeting for your new expenses, adding value to your home and handling post-purchase surprises and challenges. Here, the answers!

7 Tips to Fix Up a Foreclosure (Without Breaking Your Budget)

Maximize your profit by flipping a foreclosure home with these cost-effective, buyer-friendly tips.

Remodel Your Way to Tax Deductions

Make sure to do value-enhancing projects, and hold on to those receipts.

Get Tax Relief After a Natural Disaster, Theft

When damage occurs, here's what homeowners need to know to start over.

The Price Is Right

One of the most important steps in the house-selling game is pricing your house right. Here's how to pick a number that works.


Shop This Look

Found a living space you love in HGTV's Photo Library? Get the look in your own home with products from Wayfair.

Follow Us Everywhere

Join the party! Don't miss HGTV in your favorite social media feeds.