Homeowner tax breaks not as great as you think

This article by Bill Bischoff in the Wall Street Journal Market Watch brings up the sometimes forgotten standard deduction and alternative minimum tax in conjunction with a new home purchase, which can reduce tax deductions that you think you will get when you buy the home:

http://www.marketwatch.com/story/homeowner-tax-advantages-not-as-great-as-you-think-2013-06-25

Just remember that this could impact how much home you can afford, so you better be aware of it.

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