Owning a house in the US is expensive, with rapidly rising home prices and hidden expenses. However, tax credits and deductions for homeowners can lead to a bigger tax refund. Homeowners can take advantage of tax deductions by itemizing their deductions using Form 1040 Schedule A. Mortgage interest, mortgage points, and property taxes are some of the deductions available. Additionally, homeowners can claim tax credits for energy-efficient improvements and electric vehicle charging stations.
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