Taxes are due April 15, which means it’s time to start gathering your W2s, 1099s, child care receipts and bank statements. But before you sit down with your accountant, it’s important for you to know that merely owning a home could mean you qualify for tax breaks. In most cases, you need to itemize your taxes in order to take advantage of these deductions. Yes, it makes the tax-filing process seem impenetrable, but the benefits may outweigh the complications.
Here are a few of the tax breaks you’ll want to investigate: