2. You just bought a house
Purchasing a house is probably the most important thing in someone’s life, especially when you take a mortgage out to help you pay for it.
Fortunately for homeowners, there are some tax breaks that may be available to you, including the mortgage interest deduction, a deduction for property tax, and even an energy credit if you decide to make some home improvements.
As you may have thought, you’ll need to have records of your expenses if you want to claim these tax breaks, so be sure to keep an eye on your receipts and ensure your paperwork is organized throughout the year.
