There are several home tax deductions you can claim from your home. Selling your home may allow you to claim the capital gains deduction if you made a profit on the sale. You can also claim your property taxes, the interest you pay on your mortgage, and even energy-efficient features.
Many of these home tax deductions are quite beneficial when it comes to reducing your tax debt. Most people don’t even realize that these deductions are available to them. When it comes to your home, you do have options. It’s up to you to figure out what they are and how much you are entitled to deduct from your taxes.