Home Ownership and Tax Returns
I know it's a little early to be thinking about taxes, but since W2s will be going out this month I thought I would. My husband and I bought our first home early this year (before the U.S. economy imploded). Before buying a home we use to just go to H&R Block to file jointly. Now that we've purchased a house we will be going to an accountant and attempting to do some serious itemizing. I'm wondering if those of you who own a home can give me some idea of what to expect with the accountant (what should we make sure to bring) and what a typical return was for you the first few years of ownership? I know the economy plus our income will effect it - but I'm curious as to what we should expect (and how long it takes to see a sizeable tax return). Hope this makes sense (and if there is another community that would be more appropriate for such a question please let me know). Thanks!