Tax Benefits of Owning a Home
What are the tax benefits of owning a home? Plenty of homeowners are asking themselves this right around now as they prepare to file their taxes.
You may recall the Tax Cuts and Jobs Act—the most substantial overhaul to the U.S. tax code in more than 30 years—went into effect on Jan. 1, 2018. The result was likely a big change to your taxes, especially the tax perks of homeownership. This revised tax code is still in effect today.
You might be wondering what else besides a change in the standard filing dates you need to beware of before filing your 2021 taxes, like whether your work-from-home setup might qualify for a tax deduction.