Big Moves Before Year-End: Tax Advantages Homeowners Should Know
Posted by Patrick Hake on
As the year winds down, a lot of local homeowners start looking at their finances and thinking about how to make smart moves before December 31.
For many, real estate isn’t just about where you live — it can also play a big role in your overall financial picture.
Here are a few time-sensitive strategies worth discussing with your tax professional if you own a home in the greater Placer County area.
1. Mortgage Interest & Property Tax Payments
Mortgage interest and property taxes are often two of the biggest deductions for homeowners.
Making your January mortgage payment before Dec 31 or paying your property taxes early can sometimes boost your deductible total for this year’s return.
(Always confirm with your CPA or tax advisor.)
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