Table of Contents
⚠ Disclaimer: This content is for informational and educational purposes only and does not constitute financial, tax, or investment advice. Results from calculators are estimates and may not reflect your actual situation. Consult a qualified financial professional before making financial decisions. Full terms
Homeownership opens the door to valuable tax breaks. Ensure you aren't leaving money on the table this tax season.
Key Takeaways
Discover the most valuable tax deductions available to homeowners in 2026 and how to claim them.
- Major Deductions
- Updates and Credits
- Frequently Asked Questions
- Conclusion
- Related Calculators
Major Deductions
- Mortgage Interest: Deductible on the first $750,000 of indebtedness.
- Property Taxes: Deductible up to $10,000 (SALT cap applies).
- Home Office: Deductible if you are self-employed and use the space exclusively for business.
Updates and Credits
Energy-efficient upgrades (solar panels, windows) often qualify for tax credits, which are dollar-for-dollar reductions in your tax bill, better than deductions.
Frequently Asked Questions
How can I lower my taxable income?
Contribute to 401(k)s, HSAs, and IRAs to reduce taxable income.
What is the standard deduction?
For 2026, it is $15,000 for single filers and $30,000 for married filing jointly (est).
When are taxes due?
Typically April 15th, unless it falls on a weekend or holiday.
Conclusion
Keep good records of improvements and interest statements. Consult a tax professional to ensure you maximize your homeowner benefits.