If you’re like most homeowners, you probably think of your house as an expense—monthly mortgage payments, upkeep, insurance, taxes… the list goes on. But what if we told you your home could actually pay you back—especially during tax season?
At Amy Stockberger Real Estate, we’re here to show you how to turn your biggest asset into a smarter, more profitable investment. With the right strategy, homeownership doesn’t just build equity—it can bring real tax-time benefits that renters simply miss out on.
And if you’ve been watching the headlines, now is the time to take action. Recent economic shifts and Fannie Mae’s 2025 projections suggest mortgage rates could fall even further—potentially down to 6.2% by late 2026. Lower rates, combined with rising home values, make this the ideal moment to leverage both the market opportunity and the tax advantages of owning a home in Sioux Falls, SD.
🧾 Top Tax Breaks for Sioux Falls Homeowners
Here are the key deductions and credits every homeowner should know:
🏠 Mortgage Interest Deduction
Deduct interest on mortgages up to $750,000. If you bought recently, this could be a major win—early payments are primarily interest-heavy.
🏡 Property Tax Deduction
You can deduct up to $10,000 in combined local and state property taxes (or $5,000 if filing separately). Make sure to itemize your return to get the full benefit.
💻 Home Office Deduction
Self-employed? You may be eligible to deduct a portion of utilities, mortgage interest, internet, and more. Need to upgrade your space? Our Home Support Team is ready to help with trusted service providers and exclusive VIP Club pricing.
🌱 Energy-Efficient Home Upgrades
Installed new windows, insulation, or solar panels? You could qualify for a federal credit of up to 30% of the project cost. And if you haven’t made the switch yet—our Home Support Team includes pros who can get you started (with serious savings).
🏘 Renting vs. Owning at Tax Time
When it comes to tax advantages, homeowners win every time:
Renters:
✘ Pay rent with no return
✘ No tax deductions
✘ Improvements benefit the landlord
✘ No equity, no credits
Homeowners:
✔ Mortgage interest is deductible
✔ Property tax deductions up to $10K
✔ Home office & energy credits available
✔ Build equity while reducing taxable income
🧩 What You’ll Need for Tax Filing
Before filing, gather the documents that help maximize your deductions:
✔ Form 1098 (mortgage interest statement)
✔ Property tax statements
✔ Receipts for qualified home improvements
✔ Documentation for home office use
✔ Closing paperwork (if you bought/sold)
✔ Energy credit records
Need help organizing it all? As part of our Lifetime Home Support™ system, we connect clients with trusted tax professionals who specialize in real estate-related write-offs. It’s just one more way we help you win at every stage of homeownership.
🔑 Don’t Just Own a Home—Make It Work for You
When you’re part of our Lifetime Home Support™ model, you’re not just closing on a home—you’re opening the door to lifetime strategy, savings, and support. From tax guidance to home office makeovers and exclusive service provider access, we’re by your side long after move-in day.
Thinking about buying, selling, or making smarter moves as a homeowner this year? 👉 Connect with us today and let’s make your home your greatest wealth-building tool.
📍 As Featured On: SiouxFalls.Business
We’re proud to be featured in the Sioux Falls Business community. Read the original article here, and be sure to share with friends who could benefit.
💬 Ready to maximize your homeownership experience?
Explore our Home Support Team for exclusive access to top-rated local experts, tools, and VIP savings.
