Tax Break — For Buying A Home 2017

Buying a home in was uniquely positioned at a tax crossroads due to the passage of the Tax Cuts and Jobs Act (TCJA) in late December of that year . For most homeowners, 2017 was the last year of the "old rules," allowing for higher deduction limits and uncapped property tax write-offs before more restrictive changes took effect for the 2018 tax year. Major Federal Tax Deductions for 2017

To claim these benefits for the 2017 tax year, homeowners generally had to their deductions on Schedule A rather than taking the standard deduction. Talking to Buyers About Property Tax Deductions tax break for buying a home 2017