Everyone's tax situation is different, but it's important to understand the tax implications of any large purchase (like your new home!).
As there are potentially many tax benefits associated with owning a home, we’ve compiled resources to help you better understand your situation. Here are the resources:
- IRS FAQ - Real Estate (Taxes, Mortgage Interest, Other Property Expenses)
- NerdWallet - Tax Deductions for Homeowners
- NerdWallet - Tax Benefits of Buying, Owning, and Selling a Home
- Tax Policy Center - What are the tax benefits of homeownership?