Tax Benefits of Owning a Home

The benefits of owning a home goes beyond being a place where you can decorate and fix up and not having a landlord tell you what you can and can't do. Owning a home gives people a since of having power over their own destiny. A place to build equity, save for the future and a hedge against inflation. It only makes financial sense to own a home. To no longer give money away to a landlord. Also owning a home has many Tax benefits. Mortgage interest, home equity loan interest and sometimes mortgage insurance are tax deductible. All of these lower your tax liability saving you money in taxes. For more information about the Tax benefits of owning a home consult your Tax Professional.