There are a few house expenses that you may be able to deduct from your taxes, depending on your situation. Some of the most common tax deductible expenses for homeowners include:
Mortgage interest: The interest you pay on your mortgage loan may be tax deductible up to a certain amount, depending on your filing status and other factors.
Property taxes: You may be able to deduct your local property taxes from your federal income tax return, as long as you itemize your deductions.
Home office expenses: If you use a portion of your home exclusively for business purposes, you may be able to deduct related expenses, such as utilities, maintenance, and repairs.
Energy-efficient home improvements: Certain energy-efficient improvements, such as solar panels and efficient heating and cooling systems, may be eligible for tax credits or deductions.
Casualty losses: If your home is damaged or destroyed by a natural disaster or other unexpected event, you may be able to deduct some of the repair or replacement costs from your taxes.
Keep in mind that tax laws can be complex and subject to change, so it’s always a good idea to consult with a tax professional to determine which expenses are eligible for deduction in your specific situation.