Tax Benefits for Home Owners

As a homeowner, you have access to various tax breaks that can significantly reduce your tax burden and maximize your savings. Understanding and leveraging these tax benefits can make a difference in your financial planning. Here are some key tax breaks that homeowners can take advantage of and potentially benefit from. Mortgage Interest Deduction: One […]

IRS: Here are the new income tax brackets for 2023

  Key Points  The IRS has released higher federal tax brackets for 2023 to adjust for inflation. The standard deduction is increasing to $27,700 for married couples filing together and $13,850 for single taxpayers. There are also changes to the alternative minimum tax, estate tax exemption, earned income tax credit and flexible spending account limits, […]

Tax Benefits of Being a Home Owner

You may not realize there are several tax benefits of being a homeowner! There are many tax benefits that could save you thousands for being a homeowner! Here are the most common.  Mortgage Interest  This is one of the main tax benefits for homeowners. Mortgage interest allows you to deduct the interest you pay on […]