08 Jul Can someone in brief explain the tax exemptions or benefits you get being a homeowner?
As the topic states I'm trying to understand what tax write offs and deductions you get being a homeowner/mortgage payer.
I have read about homestead exemptions but don't think I'd qualify at my salary level (166k, sole breadwinner for now in the family)
I understand that your total gross gets lowered since you can exempt something related to your house so they're taxing less total.
Can anyone give me a rundown or point me to a good article or two?