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.
