Tax Deductions for Homeowners

Tax time is almost here and though it isn't anyone's favorite time of year there are ways to make it less painful - especially if you're a homeowner.

Besides the more obvious deductions for mortgage interest and property taxes there are other ways you may be able to save money. Always talk with a professional to make sure that the deductions apply to you and that you know how to file correctly. Remember - it can't hurt to ask!

Eligible deductions for homeowners:

- Mortgage Interest

- Property Taxes

- Private Mortgage Insurance

- Medical Improvements (such as ramps or lifts)

- Dedicated Home Office Space

- Energy Efficient Home Improvements

If you've sold a home in the last year you may be eligible for deductions from that as well. Talk with a tax professional and enjoy even more benefits of owning a home!