Homeowners Eligible For Tax Deductions

Through the collaboration of the Greater Atlanta Home Builders Association, numerous new home builders and allied organizations, the Get Home Atlanta! campaign is informing consumers on the facts about why now is a great time to buy a home in Atlanta.

One of the top ten reasons why now is a great time to buy a home in Atlanta includes the tax deductions. Although its not tax refund time yet, its never too early to start thinking of ways to get more money back (or have to pay less). The government gives big tax breaks to people who own their own homes. Mortgage interest on a primary residence is usually tax-deductible. That can play a huge role in the amount of money refunded – especially in those first few years when it seems like most of your mortgage payment is going to interest. Homeowners can also get deductions from real estate taxes paid and loan points paid among other things. This is just one of those additional perks that come along with “Living the American Dream”.