Although there is no longer a specific tax credit for buying your first home, there are deductions you may now qualify for. If you have been claiming the standard deduction up until now, the extra write-offs from owning a home almost certainly will make you an itemizer. Suddenly, the state taxes you pay, and your charitable donations will earn you tax-saving deductions, too. So make sure you know about all these breaks that may now be available to you.
Buying your first home is a huge step, but tax deductions available to you as a homeowner can reduce your tax bill. Everything to do with home buying and taxes can be found in the article below.