Emack_EA
Employee Tax Expert

Get your taxes done using TurboTax

Purchasing a property does not automatically require you to update your W-4, but it might be a good idea depending on your tax situation.

 

if you used itemize deduction you may be able to deduct mortgage interest and property taxes. This could lower your taxable income, potentially reducing how much federal tax you owe at the end of the year.

 

it might be a smart move to review your withholding to avoid overpaying or underpaying taxes.

 

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