What are the tax benefits of owning a home in the USA?
What are the tax benefits of owning a home in the USA?
Homeownership in the USA offers tax benefits, including deductions for mortgage interest and property taxes, which can significantly reduce your taxable income. Homeowners may also qualify for capital gains tax exclusions when selling a primary residence. Energy-efficient home improvements might offer additional tax credits. Consult a tax professional to maximize these benefits based on your situation.