11/02/2026
Your Georgia home could be saving you money on taxes, and you might not even realize it.
Here are 5 tax benefits explained in plain English:
1. Mortgage Interest
Let’s say you paid $18,000 in mortgage interest this year. You might be able to deduct that $18,000 from your taxable income. That means you could pay taxes on less income.
2. Property Taxes
Paying $5,000 a year in Georgia property taxes? That amount may count toward your federal tax deductions. For 2026, the combined state and local tax deduction limit is generally $40,400, with income restrictions.
3. Mortgage Insurance (PMI)
Bought your home with less than 20% down? You might be paying mortgage insurance every month. Starting in 2026, qualifying premiums may be tax-deductible again.
4. Mortgage Points
Paid $4,000 at closing to get a lower mortgage interest rate? You may be able to deduct that expense, either immediately or over the life of your loan, depending on the circumstances.
5. Selling Your Home
Bought your home for $350,000 and sold it for $550,000?
That’s a potential $200,000 gain before adjustments for expenses and improvements.
If you meet the IRS requirements, you could owe $0 in federal capital gains tax on that profit.
Generally, you must have owned and lived in the home for at least 2 of the last 5 years.
IMPORTANT: Tax deductions aren’t dollar-for-dollar refunds. The first four benefits generally require itemizing deductions, and eligibility rules apply.
Now, let’s talk about your biggest investment.
Thinking about selling your home in North Atlanta?
Before you put that FOR SALE sign in the yard, you should know three things:
* What your home is actually worth today.
* How much equity you’ve built.
* How much money you could walk away with after selling expenses.
Comment “TALK” and let’s run the numbers together.
Luis Alejandro Lopez
Luissellsatlanta.com
678-777-0553
General tax information only. Consult a qualified tax professional for advice specific to your situation.
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