There's nothing quite like purchasing your first home. You're on your own. You have a substantial financial investment.And you now have some different tax considerations.
You're probably well-aware that homeownership affords you several new ways to save on the annual Internal Revenue Service bill.
"Homeownership is one of the best tax benefits that the federal government gives out," says attorney Robin Gronsky, principal of Gronsky Law Offices in Ridgewood, N.J. "People count on it. It's how they calculate their out-of-pocket costs in owning versus renting."
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