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Home Purchasing Power and Tax Deductions

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Every year as a self employed or W-2 worker bee you may have the ability to write off certain expenses to reduce your tax burden, but this can effect purchasing power as a home buyer.   The lender will look at a buyer’s income after subtracting these deductions effectively reducing the amount the lender will be willing to lend.

Here are two interesting blog posts I found thanks to Michael Sousa and GuaranteedRate.com worth reading before filing your taxes next year:

Purchasing Power and Self Employed Tax Deductions

Purchasing Power and W2 Tax Deductions