Found 1 blog entry tagged as tax breaks for your northern Michigan home.

Buying a home is an exciting time in many people’s lives. It’s the point in your life when you stop paying rent and start building equity with a mortgage. While there are many practical benefits to owning a home, something many people don’t discuss is the tax breaks. (Click here to see all Northern Michigan Waterfront Lifestyle Homes for Sale)

As tax season is upon us, let’s take a look at some of the unique tax breaks that homeowners can take advantage of:

MORTGAGE INTEREST

For many first-time home buyers, one of the most pleasant surprises come tax season is the knowledge that your mortgage interest is tax-deductible. At the start of January, you should have received a notice from your lender letting you know how much mortgage interest…

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