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Level 1

Am I supposed to get a tax credit or tax break for buying a house in 2016?

 
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Level 1

Am I supposed to get a tax credit or tax break for buying a house in 2016?

Buying a house may lead to additional income tax deductions, which reduces taxable income.

See TurboTax link on Home Ownership for more information:

https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Buying-Your-First-Home/INF12009.html

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Level 1

Am I supposed to get a tax credit or tax break for buying a house in 2016?

Buying a house may lead to additional income tax deductions, which reduces taxable income.

See TurboTax link on Home Ownership for more information:

https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Buying-Your-First-Home/INF12009.html