What Are Homeowner Tax Credits?

A big perk of owning your own home are the homeowner tax credits! But what are homeowner tax credits?

A homeowner’s tax credit is a specific tax benefit available to homeowners.

This benefit allows the owner of a home to reduce their income tax rate, deduct certain home-related expenses, or receive a tax credit through a tax credit program.

In 2020, homeowner’s tax credits include:

  • Mortgage interest deduction
  • Local & state tax credits
  • Capital appreciation from the qualified sale of your home
Torben and Alicia pose for a photo on their boat.
Torben Yjord-Jackson – Realtor
EXP Realty of CA, Inc.
CalBRE 02050831
📲(415) 259-8088

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