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Five Tax Benefits of Buying a Home
Manage episode 407082955 series 3557577
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Tax Day is just around the corner. Did you know there are tax benefits if you're a homeowner? The tax benefits of buying a home are one of the many advantages of homeownership vs. renting. Tax breaks for first-time homebuyers are either deductions or credits. Both can save you money, but what’s the difference? Tax deductions are expenses subtracted from your income before you figure out the amount of tax you owe. Tax credits are subtracted from the amount of tax you owe. This guide breaks down what is tax-deductible when you own a home. For Specific Questions Contact Us: www.GuildMortgage.com/jasonammann Jason Ammann NMLS #126651 Loan Officer. I am authorized to do business in the state of New Hampshire. Guild Mortgage Company. Equal Housing Opportunity. NMLS #3274 NMLSConsumerAccess.org GuildMortgage.com/licensing All loans are subject to underwriter approval, terms and conditions may apply. Subject to change without notice. For Business Inquiries, please contact me first at jason.ammann@guildmortgage.net 603-310-5329
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