6 Tax Breaks Every Homeowner Should Know

Source: Money Crashers

Source: Money Crashers

Reposted via The John Aaroe Group and Zillow.com

Regardless of the current state of our economy and the housing market, buying a home is still a great investment. However, the resulting taxes that accompany owning a home can lead to confusion and uncertainty.

In most cases, you need to itemize your taxes in order to take advantage of all the tax breaks that accompany home ownership. This might seem overwhelming, but the benefits of completing this process make up for the inconvenience.

Homeowner Tax Breaks:

1. Mortgage Interest Deduction

2. Mortgage Insurance Premiums

3. Energy Star

4. Points

5. Property Taxes

6. Construction Loan Interest

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