Tax Breaks for Homeowners — Got Yours?

*You can deduct many home-related expenses, and these tax breaks are available for any type of home; mobile home, single family home, condo, etc.

*The bad news is that your taxes will become much more complicated when you file.

*ALL Mortgage Interest paid is deductible unless your loan amount is over 1 million

*Did you pull out extra cash from financing or did you get a home equity loan or line of credit? Generally, these are all deductible up to $100,000

*Do you own multiple homes? Mortgage Interest on a second home is also fully deductible.

For more tax related info, visit the link provided at CNBC


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