April is here which means it’s tax season! As a homeowner, there are more factors to consider and more tax breaks to take advantage of. You don’t want to miss out on any of these deductions or end up paying more taxes than you have to. Follow these homeowner tax tips when you file your taxes this year.
Deduct Property Taxes
You can deduct any property taxes that you pay on your federal tax return. Keep all this paperwork handy, and make sure you deduct the right amount of taxes for your tax year. Some property tax authorities work a year behind, (ie: you paid 2013 taxes in 2014) but that doesn’t matter. File a return for whatever you paid this tax year. .
Deduct Private Mortgage Insurance
If you paid less than 20% on your down payment,…