Tax Breaks For Second Home Owners

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I often get asked about the benefits, tax breaks, and financial pros and cons of owning a second home or a vacation home.

Whether you already own a second residence or are considering purchasing one, there are several tax deductions that can make it more affordable. (After all, who doesn\’t dream of owning a summer vacation house!)

Owning a second home can be a costly investment and isn\’t a purchase you should \”jump into\” without doing your due diligence first.

Investopedia provides a great breakdown of some available tax breaks. I highly recommend reading this article if you plan to become a second-home owner!