7 Tax Breaks for California Homeowners
Posted by Lund Team Marketing on
By Garrett Lund
With April approaching, San Diegans will meet with their accountants and claim tax deductions to secure the most advantageous tax rates. Homeowners receive a wide array of advantages when claiming deductions, because the U.S. tax code offers incentives and tax breaks to promote home ownership. Whether your house is paid for or has a mortgage, you have several options that may reduce your taxes, including opportunities as a California resident.
1. Mortgage Interest Paid
The mortgage interest deduction represents the largest single tax break available to homeowners. With the typical mortgage amortization schedule, the mortgage interest is front-loaded. This means that interest paid on a 30-year loan will surpass the annual principal…
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