Should you take the standard deduction or itemize?

Becoming a homeowner comes with a lot of benefits. One of them is the tax advantages it offers you. If you were taking the standardized deduction before, here’s a quick way to understand what common homeowner expenses you can take as deduction (which lowers your taxable income) when you file next year. We included some tax strategies you can take in December help increase your deductible for next year too.