taxdeductions Archives - Sage and Cedar https://sageandcedarhome.com/tag/taxdeductions/ Guiding you to financial freedom through real estate investing & ownership Thu, 19 Jun 2025 14:20:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://i0.wp.com/sageandcedarhome.com/wp-content/uploads/2022/05/favicon-1a.png?fit=32%2C32&ssl=1 taxdeductions Archives - Sage and Cedar https://sageandcedarhome.com/tag/taxdeductions/ 32 32 206205492 The Top 5 Tax Deductions for Sellers https://sageandcedarhome.com/the-top-5-tax-deductions-you-can-get-as-a-seller/ Tue, 28 Jun 2022 01:03:52 +0000 https://sageandcedarhome.com/?p=3110 Wondering if there are any tax breaks you can get after selling your home? Fact is, there are! Check out these top 5 tax deductions for Sellers that we’ve been loving to share with our sellers. The top 5 tax deductions you can get as a seller ⁠ 01. Selling costs⁠ – Any fees associated […]

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The Top 5 Tax Deductions for Sellers

Wondering if there are any tax breaks you can get after selling your home? Fact is, there are! Check out these top 5 tax deductions for Sellers that we’ve been loving to share with our sellers.

The top 5 tax deductions you can get as a seller

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01. Selling costs⁠ – Any fees associated with selling your home can be deducted from your taxes for that year. 

02. Home improvements and repairs⁠ – Did you do any repairs or upgrades before or during the home selling process? Save those receipts and invoices!

03. Property taxes⁠ – You can deduct up to $10,000 in property taxes if you’re up to date on all your taxes.

With tax season coming to a close, make sure you talk about these deductions with your planner (or even just your tax software— if that’s your style!)⁠

04. Mortgage interest⁠ – You can deduct the interest on your mortgage for the portion of the year you owned your home. 

05. Capital gains tax – Under 2018 tax code, new homeowners and sellers can deduct the interest on up to $750,000 of mortgage debt.

Selling your home this year? Save this blog and click here for our listing guide or to find out the value of your home!

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