Friday, April 13, 2007

Get The Most Out Of Home Tax Advantage

Being a homeowner means you are entitled to a number of tax breaks.
Article By Gerri Willis, CNN

One of the most important tax advantages of home ownership is the deduction of your mortgage interest. But there are also plenty of tax benefits for people who just bought a home. For example, you should be able to deduct points, or costs, that your lender charged you when you took out your mortgage. One point equals 1 percent of the loan amount borrowed.