Key Takeaways

  • First-time homeowners can take advantage of some new tax deductions
  • These deductions allow new homeowners to itemize when they couldn’t before
  • Know what deductions you can take advantage of before the end of the year

Homeownership Means More Tax Deductions

We just helped a young couple close on their first home, and they’re stoked. They have every right to be; buying your first home is a huge milestone.

And after all the paperwork and financial hurdles are overcome, it is such a relief to finally have those keys in your hand.

Fortunately for them and for other first-time homebuyers, there are a number of ways that achievement can help them that they probably don’t even know about yet. I’m talking about tax savings.

Continue reading