3 Tax Benefits of Purchasing a Home

Purchasing a home is a major life decision, but it’s one made easier by the many tax advantages available to homeowners. A few homeowner tax deductions that can have a significant effect on your taxes include:

In addition to these three, you can also benefit from a tax shelter on profits from the sale of your home. You also may be able to reduce their federal tax withholding in anticipation of lower tax bills related to future mortgage interest and property tax deductions. This can increase your take-home pay and make it easier to make your monthly payments.

1.  The mortgage interest deduction

Often, the largest tax deduction for most homeowners is for mortgage interest paid throughout the year. Because this deduction can only be claimed for interest payments made during the tax year, first-time home buyers usually gain a larger mortgage interest deduction from purchases made early in

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A Design Lover’s Guide to Safe Summer Road Trips

Whether you associate road trips with being dragged across the country by your parents in an RV too small for both you and your annoying sister or breaking loose with your college pals, American Spirits in hand (remember those days?), there’s something undeniably freeing about taking to the open road. This summer, with the pandemic not yet in our rearview mirror, hitting the highway with your partner, your friends, your dog, or just yourself is also one of the best options for living out something close to a “normal” summer vacation, a much-needed breakaway after spending months in the same place. Here’s how to do it in style—and safely.

Do your due diligence.

<h1 class="title">Low Angle View Of Sequoia Trees In Forest, California. USA.</h1> <div class="caption"> A road running through the iconic Sequoias in Redwood National Park, California. </div> <cite class="credit">Photo: Carmen Martinez Torron / Via Getty Images</cite>

A road running through the iconic Sequoias in Redwood National Park, California.

Photo: Carmen Martinez Torron / Via Getty Images

You want to plan ahead, but you also want to leave open the room for change and

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