Hey kids! Did you know owning a home can give you tax breaks? It's like getting a little extra money back when you pay your taxes! This is all about tax deductions for homeowners in 2025.
- You can deduct money you pay for your mortgage (the loan for your house).
- You can deduct some of the property taxes you pay.
- If you work from home, you might be able to deduct some home office expenses.
| Tax Deduction | Important Info |
|---|---|
| Mortgage Interest | You can deduct the interest you pay on your home loan. |
| Property Taxes | You can deduct these, but there's a limit of $10,000 for most people. |
| Discount Points | Fees paid to lower your interest rate; rules vary. |
