According to NAR President Moe Veissi, "Our government encourages home ownership because it benefits families, communities, and our nation’s economy; home ownership is an investment in our collective futures.” In fact, there are tax benefits that encourage buyers to become homeowners. These benefits include: tax credits for energy efficient projects, deductions for property taxes, and mortgage interest deductions.
The National Association of REALTORS consumer site is a great place for all home owners and potential homeowners to visit to browse all the tax benefits of home ownership. An entire section is even dedicated to all the tax incentives!
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