Tax Tips

What are the Tax Benefits of Owning a Home?

sign that says the word taxes sitting on cash

If you’re in the market for your first home, you may be trying to get a complete picture of how owning a home will affect your finances. One question you may have—what are the tax benefits of owning a home? 

Owning a home can provide you with significant tax benefits. It’s important to learn how home ownership can impact your taxes so you know which home-related expenses to claim on your returns for maximizing your savings potential.