Tax Facts When Buying a Home in California Buying a home is a major life change. This important step also presents a big alteration in your finances, considering a mortgage payment now has to be factored in. For this reason, you need to know the facts about taxes that apply to the sale of a property or to home ownership. Keep reading to get an overview of how this type of taxation works in California. State Income Tax For starters, you can write off your mortgage interest payments from your taxable income in......

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