How filing your taxes changes when you buy a home instead of rent one

Cătălin Roșioru

The decision to become a homeowner after years of renting brings many changes—suddenly you’re responsible for repairs, you can  paint the walls  whatever color you want, and you’re  building equity  instead of paying a landlord . But there’s another shift that catches many  first-time buyers  off guard: Tax season looks different. As a renter,  filing taxes  is straightforward. You take the standard deduction, claim your income, and you’re done. As a homeowner, you suddenly have access to 

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