Its tax time again!  When you purchase your own home, you are not only increasing your financial well-being, but you can also take deductions during tax time. There are several ways to save on your taxes as a homeowner.

Mortgage Interest: Did you know that after you buy your home, most of your first months payments are all interest? Year after year, your balance will start shifting to principal payments as interest is being paid off. You can deduct up to 1 million on interest you pay on your home.

Property Taxes: You can deduct your property taxes from your Federal taxes. Property taxes you’ve paid to state and local (city) can be deducted.

Home Equity Loan: If you’ve borrowed against your equity to pay off credit cards, a car or anything else, the interest can also be deducted.

Expenses: When you first purchase your home, make sure to keep track of the fees and how much in closing costs you pay. Most of them are tax deductible. Sometimes prorated interest or property taxes are charged.

Owning a home has many advantages including these tax deductions that will definitely benefit you each year when tax time rolls around.

Are you looking for a new place to call home this year? Look no further! Provenance is northern Louisiana’s traditional new home development that has much to offer you and your family. From the gorgeous parks and natural pine woods surroundings to the extremely convenient shops, restaurants, and firestation, Provenance has everything a town needs. Neighbors at Provenance are inviting and encourage safety and strength in order to preserve a wholesome, vital community.

There are many annual community events that take place that involves homeowners and local businesses such as summer movie nights in the park and holiday festivities.

The community has a quaint small town feel with a new modern flair. There are many lots and new homes to choose from! Check out our interactive map to see which lots and new available homes are available. Our trusted realty company Vintage Realty can help match your lifestyle and needs to the perfect homebuilder in Provenance. Provenance is located off of Southern Loop between Norris Ferry and Wallace Lake Roads near the I-49 interchange in southeast Shreveport.

Contact Us today and become a part of the Provenance community!