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Average Tax Return After Buying House 2017 May 2026

For the 2017 tax year, the average individual tax refund was .

: State and local property taxes paid in 2017 were fully deductible without the $10,000 "SALT" cap that was introduced in later years. average tax return after buying house 2017

Homeowners could deduct specific expenses from their taxable income if these costs, combined with other deductions, exceeded the 2017 standard deduction ($6,350 for singles; $12,700 for married filing jointly). For the 2017 tax year, the average individual tax refund was