There are 4 tax benefits of buying a house, also known as homeownership tax breaks. If you didn’t know, buying a home for me was mostly a financial benefit. I know overtime I would be able to garner some tax savings for homeowners and I do - every year. But understanding your deductions can feel very overwhelming! After this video, I am confident that you will understand the right homeownership tax benefits for you because all of them will not apply.

Take out a notepad (digital or physical) and enjoy this video on tax deductions explained simply.

Also, the tax breaks for homeowners 2022 have changed slightly. So use this video as a starting point. There may be tax deductions for homeowners that are unique to certain states and counties.

Please note: I AM NOT A TAX PROFESSIONAL. Please consult with your CPA or another tax professional to explore all of the homeownership tax deductions available to you.