Ta x R e d u c t i o n s E x p e r t s

TAX BENEFITS OF
HOME OWNERS
www.poconnor.com
Is tax break applicable for a homeowner? Ta x R e d u c t i o n s E x p e r t s

The tax code keeps on changing and many have the doubts of the tax break
for being a house owner.

On the bright side, there are some advantages when you are a homeowner.

Get to know a few advantages of being a homeowner

Mortgage interest Ta x R e d u c t i o n s E x p e r t s

Deduction of mortgage interest can be one of the most significant advantages

of being a homeowner.

The homeowner can claim any deduction that they have paid on mortgages
for building or even for the mortgage taken for home reconstruction
or improvements.

In case of purchase or rehabilitating a home with $1 million of debt incurred

for purchase, some tax break is possible with TCJA.
State and local tax deduction Ta x R e d u c t i o n s E x p e r t s

Certain states do have a separate tax

system that imposes taxes on
property which you own.

Some of the local taxes imposed on

a property are deductible under
federal tax returns.

The maximum deduction is considered

up to $10,000 in some states.
Home office plans Ta x R e d u c t i o n s E x p e r t s

One clever strategy is converting your

home into an office if you are
self-employed.

That business place conversion could

claim home office deduction which
allows that portion of your home
property tax to get under the belt of
a business expense.

Be clear with paper works when

you are renovating home space
as an office and get help from
tax professionals.
Why O’Connor? Ta x R e d u c t i o n s E x p e r t s

O’Connor has plenty of experience when it comes to protesting taxes for

homeowners.

We have separate residential tax appealing strategies that make us

#1 property tax firms in the county.

You need not pay a single penny unless your taxes are reduced.

O’Connor gives you far more benefits when you enroll with us.
 Ta x R e d u c t i o n s E x p e r t s

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