Ten Tax Breaks for Homeowners and Home Buyers

Owning (or buying) a home is expensive. But there are some tax breaks for homeowners that can help you recoup some of those costs.

Still life of a keyring with keys, a small house and red price tag on turquoise colored background
(Image credit: Getty Images)

Owning a home is considered by some to be part of the American Dream, but being a homeowner can be difficult and expensive. Fortunately, there are some tax breaks for homeowners (and homebuyers) that can make it a little more affordable.  

While some of these tax breaks can be complex, and not everyone may be eligible for them, they can provide significant tax savings for those who are.

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Rocky Mengle

Rocky Mengle was a Senior Tax Editor for Kiplinger from October 2018 to January 2023 with more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, Rocky worked for Wolters Kluwer Tax & Accounting, and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky holds a law degree from the University of Connecticut and a B.A. in History from Salisbury University.

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