Arda Clark

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    Carl

    (310) 963-4788
    carl@carlandarda.com
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    • Carl(310) 963-4788
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    • Beach City Brokers
      1716 South Catalina Avenue
      Redondo Beach, CA 90277
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      Tax Tips for Homeowners

      Published 03/30/2022 | Posted by Arda Clark

      Tax season is upon us. You may have already started working on your taxes. But perhaps you haven’t thought about everything you may be able to deduct. Some of the most significant costs of homeownership can be tax-deductible.

      Many people are aware that their property taxes may be tax deductible — if you didn’t, well, now you do. But did you know that the interest on your mortgage always is? Your lender should have this line separated out, so it’s easy to find and deduct from your taxes. Another homeownership cost that is sometimes tax deductible is home repairs. Significant repairs are probably tax deductible. Be sure to check with a tax professional to determine which of these you can actually deduct. They may even be able to find more tax-deductible expenses you weren’t thinking of.

      Photo by Sharon McCutcheon on Unsplash


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