Tax deductions and tax breaks for first time home buyers and homeowners in general: it's a popular item of discussion. Who doesn't want to know how homeowners can catch a break when the IRS comes knocking? Fortunately, homeowners can write off quite a few tax items beyond home costs, because owning a home should take you above the standard deduction amount.
Within the home costs, buyers can write off items like mortgage interest, insurance costs and real estate taxes. These are all great reasons to become a first time home buyer in 2012.Learn about possible tax deduction benefits you can get as a homeowner from tax expert and CPA Dennis Greenfield as he tells Mortgage Consultant Jeremy Drobeck all about the tax world.
You can see the video here: Tax Deductions for First Time Home Buyers
So what does it take to become a 2012 first time home buyer? Patience and effort to start. It also takes research. Download the free eBook "The Essential Guide to Buying Your First Home" to learn more about how to take advantage of today's housing market and the current tax structure. The guide covers all aspects from mortgage pre-approval to interest rates and down payments. Get your free copy at the button below.
(tax photo: Flickr user Alan Cleaver)