06/17/2026
🏠 Homeownership has tax benefits. Here's what you need to know:
📌 Taxpayers who itemize their deductions can deduct state and local taxes and home mortgage interest on their primary residence and second homes.
📌 Other itemized deductions include charitable contributions, sales tax, medical and dental expenses (exceeding 7.5% of AGI), home equity debt (if used for home improvements), and private mortgage insurance.
For additional information on these rules, refer to Publication 530 and Publication 936 available at IRS.gov or call me to set up a consultation to disucss your tax needs.
