Why You’ll Dig Doing Taxes After You Buy Your First Home

Here’s an insane detail to chew on: Numerous tax breaks will now be available to you that weren’t when you were a renter. In fact, “a $1,200 mortgage payment, with the tax advantages, is the same as an $800 rent payment,” says Tim Magee, president of Magee Mortgage Associates. That’s because Uncle Sam provides Americans…