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The president has also voiced support for getting rid of the $7,500 EV tax credit.

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So taking these energy-efficiency credits now could be smart.

So maximizing these now may be helpful in overall savings strategy, she said.

However, he has suggested raising that cap, though the details are unclear.

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Still, if the cap goes higher, that would generally mean that homeowners could deduct more.

Homeownership can also come with tax benefits, such as mortgage interest deductions.

In some areas, its a buyers market, according to Stranger.

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So it could be a big deduction this year, she said.

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