Homeowners could deduct specific expenses from their taxable income if these costs, combined with other deductions, exceeded the 2017 standard deduction ($6,350 for singles; $12,700 for married filing jointly).
While buying a home in 2017 did not trigger an automatic flat-rate refund, it significantly increased the likelihood of a higher-than-average return for taxpayers who their deductions. Key Tax Benefits for 2017 Homebuyers average tax return after buying house 2017
For the 2017 tax year, the average individual tax refund was . Homeowners could deduct specific expenses from their taxable
What are the tax benefits of homeownership? | Tax Policy Center combined with other deductions