Tax Benefits of Home Ownership Are Almost Too Good to be True

Owning a home is a great way to invest in your future, but it’s also a great way to invest in your present. There are tons of fantastic tax benefits to home ownership, which means if you play your cards right, you’ll be smiling all the way to the bank.

The Tax Benefits of Home Ownership

Most notably, you get a tax break on mortgage interest. The bulk of your monthly payment ends up going directly to interest, and it’s all deductible (unless, of course, your loan totals more than $1 million).

If you paid points to get a better interest rate, you’ll get to deduct them in the year you