Homeownership has tax benefits that can save you money!
💰 Mortgage interest deduction: You can deduct the interest you pay on your mortgage from your taxable income.
💰 Property tax deduction: You can also deduct the property taxes you pay on your home from your taxable income.
💰 Capital gains exclusion: If you sell your home and have made a profit, you may be able to exclude up to $500,000 of the profit from your taxable income.