K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

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THE TAX BENEFITS OF OWNING A HOME

June 15, 2018

There are many benefits to home ownership. Owning your own home means you are your own landlord and can customize your home the way you see fit without having to worry about breaking the terms of your lease. Additionally by owning a home that is either paid off or on a fixed mortgage you don’t have to worry about the landlord raising your rent rates every time your lease is up.

Homeownership also conveys many different tax advantages that are not available to renters and can help you save big when it comes time to file your taxes at the beginning of the year. Tax breaks such as mortgage interest tax deduction, property tax deduction, home energy upgrade tax deductions and more are available to homeowners. Read on to find out about all the tax benefits that are available to you if you own a home.

 

T.J. Whitlow


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