Filing Taxes as a New Homeowner

For Miniature house with money on tax papersmany new homeowners the year you buy your own home will also be the first year you do not take the standard deduction when doing your taxes. It can be confusing to know what is eligible for itemization and what is not. Most homeowners will end up itemizing their loan costs and fees, mortgage interest, property taxes and private mortgage insurance. New homeowners should also consider itemizing all of the stuff they donated before moving as a charitable deduction. Many homeowners file their taxes on their own with little outside help, however, if the owner has a home office or their lender sold the mortgage to a different lender they may benefit from the help of a professional accountant.

Bottom Line:

Check out HouseLogic’s tax tips for homeowners. Speak with an accountant in your area about advice he or she gives to new homeowners. Talk with local homeowners about the first time they filed taxes after buying their home.

What’s Your Home Worth?

Search for Your New Home

42035 N 113th Way Scottsdale, AZ 85262

$5,500,000
5 Beds
4.5 Baths
5,416 SqFt
Status Active
MLS # 6758699
Property Type Single Family Residence
Price Type --
Immediate Lifestyle Membership to the Desert Mountain Club is available from Seller! Enjoy sweeping Valley, sunsets and city light views from this elevated Apache Peak setting, nestled into a 1.6 acres featuring impressive outcroppings and stunning saguaros. The newly remodeled interiors offer today's convenient lifestyle and light finishes, while preserving the charm of it's original Southwest spirit. Discover the sculptural lines throughout that offer visual interest in the walls, ceiling and hearth details rarely found in available homes today. Appreciate each room's unique beauty, from the magnificent great room hearth to the state-of-the-art chef's kitchen. The main home with three bedrooms and office is complimented by a nearly 1000 sf 2-bedroom & great room casita Non-stop Valley views can be seen from all of the public spaces of the home: great room, dining room, kitchen and family room. The remodel includes soft white walls throughout, complimented by richly refinished alder doors and beams in a rich espresso. A new wood-framed front door and sidelights are enhanced by Taliesin-styled clear art glass. The open great room and dining room boast unique ceiling details with a focus on the artisan-designed sculptural hearth that is the essence of the home's architectural style. A stunningly remodeled culinary center holds many surprises from designer appliances, to creative and plentiful cabinet storage, to inspired LED lighting that magically changes color to match your mood or holiday occasion. White floor-to-ceiling tile, natural stone and pendant lighting compliment the natural lighting and views. The primary wing includes an office with mountain views and a large bedroom that overlooks the sundeck with valley and city views, also boasting a large spa-like bath plus a stacking washer/dryer. The sprawling patio offers two distinct areas, both with a front row seat to grand views: a dream outdoor kitchen with dining and bistro seating, and an expansive sundeck with pool and spa. A very private casita offers spacious accommodation for guests, showcasing a great room with hearth, kitchenette & bar, and two bedrooms sharing a Jack & Jill bath with stacking laundry. With a greatroom king sleeper sofa, this casita easily hosts 6 guests. The owners enjoy this entire casita as flex space, utilizing the great room area as a music/band studio, one bedroom as a music composing studio with queen convertible sofa, and another bedroom as a home gym with king Murphy bed... all designed to be easily convertible to a customary housing arrangement for family and guests. The three-car oversized garage is a car-lovers dream, with over 30 linear feet of red and grey steel cabinets/ workshop/ storage space, gray epoxy floors, electric car outlet, plus full-sized Gladiator freezer and refrigerator duo. The remodel includes all new baths, wood flooring, updated HVAC units and water heaters ( 2 of the 3 are tankless.) All in fabulous Desert Mountain with 7 golf courses, 10 restaurants, state-of-the-art tennis/fitness center and spa, 25+ miles of private hiking trails, bocce, croquet and a myriad of activities and year-round events for the entire family. Furniture is available by separate Bill of Sale. The Seller's Lifestyle Membership is available by application to the Desert Mountain Club. Buyer may elect to purchase it, with NO WAITLIST, at Close of Escrow - through the Club at Buyer's expense. After purchasing this Lifestyle Membership, Buyer may in the future elect to waitlist with the Club for a Golf Membership. This Lifestyle Membership may be maintained, as such, permanently. This is a rare opportunity for a Buyer to own a Lifestyle Membership, where only Golf Memberships are available to new applicants.

1030 Circula De Hacienda -- Lake Havasu City, AZ 86406

$5,500,000
4 Beds
6 Baths
4,956 SqFt
Status Active
MLS # 6765751
Property Type Single Family Residence
Price Type --
Elegance meets functionality in this 4,956 sq/ft residence on nearly an acre in Havasu Foothills Estates. With 4 bedrooms, 6 bathrooms, an office, game room, and an interior courtyard, this home exudes luxury. The great room features 16' ceilings, a fireplace, pocket sliding doors for indoor/outdoor living, and custom ceilings. The gourmet kitchen boasts two granite islands, a Viking range, double oven, and built-in fridge. The master suite includes large windows, a sitting area, and a luxurious bath with marble countertops, a cast iron tub, and a walk-through shower. The backyard features two covered patios, a pool, a 10'x10' spa, two fire pits, and an outdoor kitchen. The property also offers an attached 4-car garage, plus a detached 80' deep double RV garage with a deck and lake views.

6443 E Malcomb Drive Paradise Valley, AZ 85253

$5,500,000
5 Beds
6.5 Baths
7,275 SqFt
Status Active
MLS # 6766015
Property Type Single Family Residence
Price Type --
Stunning single-level, 5-bedroom, 6.5-bath estate in the heart of Paradise Valley. Enjoy gorgeous Camelback Mountain views and an entertainer's backyard. Fully remodeled featuring high ceilings, spacious living areas, natural light, and state-of-the-art finishes throughout. Gourmet chef's kitchen, equipped with top-of-the-line appliances, custom cabinetry, and island perfect for entertaining. Privately gated with an auto court and guest house. This estate is conveniently located just minutes from all of Paradise Valley's top resorts, golf, shopping and dining.

8922 E Covey Trail Scottsdale, AZ 85262

$5,500,000
4 Beds
4.5 Baths
5,490 SqFt
Status Active
MLS # 6492823
Property Type Single Family Residence
Price Type --
Membership available at increased price. Ground Break in Feb 2024- New build in Desert Mountain's Village of Gambel Quail Preserve Lot 215. Spectacular combination of Black Stone Development and Graffin Design on this cutting edge contemporary home featuring everything that today's buyers are seeking! Home features 4 bedrooms, office oversized laundry room and four car garage. Ideal great room floor plan. Oversized master bedroom with spa like bath and dual closets. A chef's kitchen with all the latest in high end appliances and cutting edge finishes that spill out to the patio through walls of glass, multi slide door systems and into the outdoor living, dining, patio, pool/spa and outdoor kitchen for today's outdoor living needs. Enjoy ample storage for autos and outdoor adventures in the four car garage with additional storage closet. Views include surrounding mountains including Lone Mountain, Black Mountain, The Continentals, sunsets and Desert Mountain night lights. The location of Gambel Quail Preserve is close to the main gate for quick access to shopping and dining. Additional community amenities include golf, biking and hiking trails. The Sonoran Fitness Center (spa, pickle ball, tennis, swimming, fitness facilities and much more) is nearby.

8510 E Tecolote Circle Scottsdale, AZ 85266

$5,500,000
4 Beds
5.5 Baths
5,867 SqFt
Status Active
MLS # 6564657
Property Type Single Family Residence
Price Type --
This 5,867/sf ''Palo Blanco'' Ranch Hacienda style home is currently being constructed on 2.17 acres of beautiful Sonoran desert within the private and gated 8 home enclave of Windmill. The luxurious home is all on one level with an open floor plan with great room, dining, living and sitting rooms, 4 bedroom en-stuites , den/office, 6 baths, fitness room and a 4 car garage. It is filled with high end features including 3 fireplaces, gourmet center island kitchen with Subzero and Wolf appliances and two dishwashers, Butler's pantry, covered patios, covered patios, courtyards, water & fire features, negative edge pool with spa and BBQ. Lots 5 and 7 are also available with soon to come custom homes.

29646 N 109th Place Unit 128 Scottsdale, AZ 85262

$5,500,000
4 Beds
5.5 Baths
6,541 SqFt
Status Active
MLS # 6693328
Property Type Single Family Residence
Price Type --
Brand New Construction! Just completed! Featuring timeless architecture with contemporary flair this new masterpiece by Red Moon Homes is the perfect getaway to the Sonoran Desert. Open & airy great room concept plan with sleek wet bar and grand fireplace. Main living spaces connect to expansive outdoor patios, refreshing pool/spa, BBQ, mountain views, and spectacular sunsets. Upstairs is a bonus room with full bathroom and view deck. The serene primary suite features a spa like bathroom and designer closet which connects to the laundry room. Split are two additional bedrooms & den/optional 4th bedroom all with ensuite bathrooms. Kitchen features top of the line appliances with an oversized island & connecting breakfast nook.

9877 E Miramonte Drive Unit 280 Scottsdale, AZ 85262

$5,500,000
5 Beds
6.5 Baths
5,750 SqFt
Status Active
MLS # 6753464
Property Type Single Family Residence
Price Type --
Stunning Desert Mountain contemporary home on a terrific lot. Built by leading luxury home builder - Black Stone Custom Homes, this gem is located in the 2nd closest village to the front gate of the Desert Mountain community and an easy walk to the brand new Renegade Clubhouse and practice park. Less than one-year new, this home offers a great room floor plan, 5 suites, one of which is a detached casita, outstanding outdoor living space with two fireplaces, fire feature, 7 outdoor Infrateck ceiling heaters and 3.5 car air conditioned garage. Built with outdoor living in mind and to capture the Continental Mountains and sunset views, the retractable walls of glass allow the outdoors in. Some of the updated features include: 1) Crestron automation system throughout the entire home controlling music and lighting, 2) upgraded Awake windows featuring larger glass size, thinner profiles, heavy duty rollers for easy retractable open and close, enhanced R values, 3) entire home water purifying system, 4) additional full size refrigerator in pantry, 4) DCS 48 Evolution Built in Grill, and 5) automated shades throughout the home. This home was designed by one of the leading home designers in Desert Mountain - Graffin Design. See Document tab for Update list

10761 E Buckskin Trail Scottsdale, AZ 85255

$5,500,000
5 Beds
8 Baths
8,382 SqFt
Status Active
MLS # 6757384
Property Type Single Family Residence
Price Type --
*HUGE Price Adjustment! Absolutely Jewel of a house, now really priced to sell!!! No Way can this be duplicated for even close to this price. This contemporary Southwest masterpiece, designed by Tor Barstad and completed in late 2015, spans 8,382 square feet. Situated on a prime lot, the home boasts panoramic views capturing stunning sunsets, Pinnacle Peak, and dramatic boulder landscapes. The owners have meticulously refined every detail, from custom window treatments and mature landscaping to perfecting the outdoor living spaces and addressing all new home adjustments, ensuring that this house is the epitome of move-in ready. The residence features an expansive open floor plan that includes five bedrooms, an office, an exercise room, and a bonus room, with nearly all living space A highlight is the fully-equipped bakery adjacent to the kitchen, which also features an oversized bar, a large wine cabinet, and expansive pocket doors that enhance the flow between the great room and kitchen. The designer kitchen is a culinary dream, equipped with four ovens (including LaCornue Chateau and Viking), multiple Sub-Zero refrigerators and freezers, two Viking microwaves, dishwashers by Asko and Fischer & Paykel, two Scotsman icemakers, and a Wolf warming drawer. The home's interiors are both modern and inviting, with light finishes, limestone and wide-plank wood floors, granite and marble countertops, and custom details such as brick and wood ceiling treatments, bespoke plumbing fixtures, lighting, and a comprehensive house-wide audio/visual system. The backyard is an entertainer's paradise, featuring a large pool and spa, three fire elements, an outdoor BBQ center with a spacious island, multiple covered patios, and even an outdoor pool shower and bathroomall set against the backdrop of Troon's iconic rock formations. This private, guard-gated community is just moments from the Troon Country Club and only ten minutes from the Loop 101, blending exquisite privacy with convenience.

6431 N Lost Dutchman Drive Paradise Valley, AZ 85253

$5,499,000
4 Beds
4.5 Baths
4,964 SqFt
Status Active
MLS # 6724747
Property Type Single Family Residence
Price Type --
**HOME IS BEING SOLD TURN-KEY READY WITH DESIGNER FURNISHINGS** ENTERING THROUGH THE PRIVATE COURTYARD OF THE LAST REMAINING HOME IN THE COMMUNITY WILL BE THOUGHTFULLY LANDSCAPED FOR A WELCOMING ENTRANCE. THE IRON AND GLASS DOOR LEADS YOU INTO THE VAULTED GREAT ROOM WITH 2 STORY FIREPLACE WALL, CHEFS KITCHEN, WET BAR, AND DINING ROOM. THE KITCHEN AND WET BAR IS ADORNED WITH NUMEROUS SUB-ZERO, WOLF AND COVE APPLIANCES. THE INCREDIBLE ATTENTION TO DETAIL IN THE ALL THE FINISHES IN THIS HOME WERE CHOSEN BY CULLUM HOMES INTERIOR DESIGN TEAM. THE RETRACTABLE WALL OF GLASS AND 2-STORY CLERESTORY GLASS MAKE THIS HOME SO LIGHT AND BRIGHT. THE PRIMARY SUITE IS SO COMFORTABLE WITH VIEWS OVER THE BACK YARD FOUNTAIN AND ENTERTAINING AREA. A SMALL GUEST SUITE WITH OWN ENTRANCE, LAUNDRY, POWDER BATH, ELEVATOR AND 3 AIR-CONDITIONED GARAGES MAKE UP THE FIRST FLOOR. THE IMPRESSIVE STAIRCASE AND LARGE WINDOW TO THE UPSTAIRS LANDING OVERLOOKING THE ENTRANCE AND GREAT ROOM WAS THE VISION OF THE CULLUM ARCHITECT TEAM. THE GLASS OFFICE EN-SUITE HAS VIEWS TOWARD CAMELBACK MOUNTAIN. THE LARGE LOFT AREA WITH CUSTOM BUILT IN CABINETRY LEAD TO THE COVERED DECK WITH GREAT VIEWS OF MUMMY MOUNTAIN! 2 LARGE EN-SUITES WITH BEAUTIFUL CUSTOM FINISHES AND WALK OUT DECK WITH CAMELBACK MOUNTAIN VIEWS COMPLETE THE SECOND LEVEL. PLENTY OF STORAGE IN THIS 4-BEDROOM, 4 FULL BATHS, 1 POWDER BATH, OFFICE, GREAT ROOM, CHEF'S KITCHEN, DINING ROOM, WET BAR, LOFT AND 3 CAR AIR CONDITIONED GARAGE. THIS HOME IS LOCATED IN THE 24-HOUR GUARD GATED COMMUNITY OF THE VILLAGE AT MOUNTAIN SHADOWS WITH ITS PARK, COMMUNITY POOL AND ACCESS TO THE MOUNTAIN SHADOWS RESORT AND ALL ITS AMENITIES AT YOUR DOORSTEP. A GREAT LOCK AND LEAVE HOME FOR THE WHOLE FAMILY!

38152 N 109th Street Scottsdale, AZ 85262

$5,495,000
5 Beds
6 Baths
6,169 SqFt
Status Active
MLS # 6641439
Property Type Single Family Residence
Price Type --
Cutting edge new build by Red Moon Homes. Located in the exclusive North Scottsdale private community of Mirabel. Contemporary design, all on one level with an upstairs guest home reached by an impressive cantilevered lighted wood slab tread and steel beam U shaped lighted staircase. To die for spacious outdoor living to enjoy with modern pool with sizeable beach entry and adjacent spa, covered grilling, living and alfresco dining space. The cool and clean look of artificial turf is plentiful and easy to care for. Modern minimalist exterior with stucco, rough limestone stack stone details, multitudes of glass doors and windows, metal roof and facia with multiple vaulted roof lines. The flawless floor plan with an open, high ceilings, airy great room, dining, kitchen, wet bar and powder provide for daily living as well as festivities with many. The private split primary sanctuary with cutting edge finishes, spa like bath, massive designer closet and patio access will delight. The nearby ensuite barn door entry office provides an exemplary workspace or can serve as a 5th ensuite guest room. Close proximity to the decadent laundry with mitered window detail and to the beautifully finished 4 car spic and span garage space, entices all. For family and friends the two guest ensuites on the main level provide privacy and elegance, wonderful retreats, one with patio access. The upstairs guest home is not to be believed. The sitting space, ensuite bedroom, living space with powder and breakfast bar complete with sink and faucet enchant. The North and South balconies, through 4 paned glass wall systems bestow elevated panoramic views of mountains, city lights, sunsets and starry skies. Sophistication is viewed throughout with the finest of finishes - new sizeable porcelain tiles used on bath floors and walls, wide wood plank floors throughout, SubZero and Cove appliances, rift cut and lacquered slab cabinetry with lit toe kicks, fabulous top of the line exotic Quartz counter and vanity slabs and chrome and the new brass hardware. Mirabel's intimate community offers, golf, tennis, fitness and social endeavors. Come, live the Arizona desert lifestyle with comfort, opulence and functionality in this magnificent Red Moon Homes built Mirabel home.

38031 N 97th Way Scottsdale, AZ 85262

$5,485,000
4 Beds
4.5 Baths
6,556 SqFt
Status Active
MLS # 6443503
Property Type Single Family Residence
Price Type --
DESERT MTN. MEMBERSHIP NOW AVAILABLE WITH CLUB APPROVAL, ASK FOR DETAILS. Brand New Mortensen Signature Home. Now Completed 5750 sq ft main house plus stand alone 806 sq ft Casita with a king size bedroom, kitchen, large bathroom, closet and living room. Main house includes a large flex room, great for a Game Room, Home Theater or a hobby of your choice. Great Room, Gourmet Kitchen, Home Office and Master Bedroom have stunning S/W sunset views that overlook your pebble tec pool and spa. Custom built in BBQ, landscaped front and rear with auto drip systems, pots and lighting all included. Unlimited options for your family and friends. Whole home furniture packages available.

5219 N Casa Blanca Drive Unit 28 Paradise Valley, AZ 85253

$5,400,000
4 Beds
5.5 Baths
4,430 SqFt
Status Active Under Contract
MLS # 6763755
Property Type Single Family Residence
Price Type --
This quintessential Santa Barbara-style home in Paradise Valley offers unparalleled charm. Designed by Jim Blochberger & fully rebuilt in 2014, it sits on a pristine interior lot in Casa Blanca Estates, surrounded by citrus, olive, & pecan trees across nearly an acre. Inside, the curated interiors create a warm, inviting atmosphere. The heart of the home—its kitchen, dining, & family room—bringing together style and functionality at its finest. Private spaces boast rich character, including a bold music room, office, and an additional smaller office offering privacy. The property features 2 indoor & 3 outdoor wood-burning fireplaces, a cozy informal living room, & a separate guest casita that functions as a game room & bedroom. The main house has 3 bdrms, 5 bathrooms, a pool, and a 3-stall garage, with room for extra parking. Lot 28's serene location inside Casa Blanca Estates makes this home a rare opportunity.

Leave a Reply

Your email address will not be published.