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Get your taxes done using TurboTax

Hello there!

Congratulations on buying your new home! 

Your home may result in tax benefits as a result of home ownership. You can deduct mortgage interest, property taxes, mortgage insurance, points, but those deductions will only benefit you to the extent that your itemized deductions exceed the standard deduction.

 

I have attached the following resources that will help clarify the deductions you qualify for from owning a home, plus one that compares standard deductions to itemized deductions.

https://turbotax.intuit.com/tax-tips/home-ownership/buying-your-first-home/L5QxJLcQT

 

https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/tax-deduction-wisdom-should-you-item...

 

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