15 Deductions to Reduce Your Tax Bill

What if you’re overpaying your taxes without even realizing it? Every year, millions of Americans leave billions of dollars in […]

What it is: Homeowners can deduct interest on up to $750,000 of mortgage debt ($1M if purchased before Dec 15, 2017).

Why it matters: With mortgage rates hovering around 6% – 7%, this deduction can offset a chunk of your housing costs.

How to claim it: Your lender will provide a Form 1098 showing total interest paid.

7. Energy-Efficient Home Upgrades

Solar panels on a home
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