Buying a home is one of the most significant financial moves you can make, and while the tax code offers several "breaks," their actual value depends heavily on whether you choose to itemize your deductions or take the standard deduction. For many taxpayers, the standard deduction—currently and $31,500 for married couples filing jointly —is higher than the total of their potential home-related write-offs. Core Tax Deductions for Homeowners

You can deduct interest paid on up to ($375,000 if married filing separately). tax break for buying a home

The total SALT deduction is capped at (an increase from the previous $10,000 cap). Mortgage Points (Prepaid Interest) : Buying a home is one of the most