💰 Tax Season Tip: How House Hacking Can Save You Money! 🏡
Did you know renting out part of your home could mean big tax benefits? Whether you're renting a spare room, basement, or a multi-unit property, house hacking can help lower your housing costs AND unlock tax deductions! 📊✨
🔹 Potential Tax Perks for House Hackers:
✔ Mortgage Interest Deductions – Reduce your taxable income! 📉
✔ Depreciation Benefits – Claim a portion of your home as a rental property! 🏠
✔ Utilities & Maintenance Deductions – If your tenant pays a portion, you may qualify for write-offs! 💡🛠
✔ Property Tax Deductions – Save more come tax time! 💰
💡 How to Maximize Your Savings:
The key is properly reporting rental income while taking advantage of the deductions available to you. A mortgage expert can help you strategize your financing options to make house hacking work for you!
📩 Want to learn more about how house hacking can help you this tax season? Let’s talk!
This is not a commitment to lend. Loan approval is subject to credit approval and program guidelines. Terms, conditions, and restrictions apply. Programs and guidelines are subject to change without notice. Please contact us for more details.
