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.
Related To:

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

Sellers: What to Do When You Can't Find a Home Before Yours Sells

Did you sell your home so quickly you're worried you can't find a new home in time? See how one woman solved the problem.

Saving Money While Paying for a Home

You may be financially "exhausted" from saving for your home purchase, but now's actually a great time to keep saving.

Scheduling Your Relocation

If you can postpone your move, you could save some major cash.

Sell the Benefits of Your Smaller Home

Impress buyers with money-saving and eco-friendly features.

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.

Building Mortgage Interest: More Tax Deductions and Incentives for Homeowners

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

Real Estate Survival Guide: Buyer's Checklist

Refer to this 10-step checklist to get you through the homebuying process.

How to Make an Offer for a House

Making an offer on a house isn't a total roll of the dice. There are some basic steps you and your Realtor can take to arrive at a price range and other terms that make sense.

Go Shopping

Refresh your home with stylish products handpicked by HGTV editors.

Watch Live TV

Don't miss your favorite shows. Live stream HGTV now.

Follow Us Everywhere

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