Tax tips for homeowners

April 13, 2015 1:29 PM

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Tax tips for homeowners

April brings budding flowers, warmer temperatures, and of course, the dread of having to file your taxes. The deadline to file is right around the corner, but if you’re a homeowner, you want to make sure that you use your home to your advantage. Here are some great deductions and strategies that you can use to make sure that you don’t overpay this year.

For a homeowner, the monthly mortgage payment is probably the biggest recurring expense, but it also provides one of the biggest tax deductions. While you can’t deduct the entire payment, you can deduct the interest you pay on the loan, which can be a considerable amount of money, particularly in th...

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