Owning a home is not just a milestone in your personal life; it can also be a savvy financial move. Many new homeowners may not realize that homeownership comes with several tax benefits and opportunities for financial planning that can significantly impact their overall financial health.

Let’s explore the business side of homeownership and how you can maximize these advantages.

Tax Benefits of Homeownership

One of the most compelling reasons to invest in a home is the array of tax benefits that come with it. Here are a few key advantages:

Mortgage Interest Deduction

Homeowners can deduct the interest paid on their mortgage, which can result in significant savings, especially during the early years of the loan when interest payments are at their highest.…