what do you get a better income tax refund with a child or a house?

Question

we live in new york state and my husband says owning a house will get you a better tax break.i say a child and claiming head of household will give more of a tax break.we both make together around 150k a yr.the house we would buy would be around 300k with 20% down.now before i get any anger answers we do not plan on having a child just for tax reasons we are not planning to have any.this is just a argument my husband and i had and i think i'm right and he thinks hes right.

Answer 1

Either, with house deappreciation, energy credits, mortgage interest, etc and then children credits on the other hand, its about equal. Now if you have both both then youre ahead. So without actual figures, its a fine line between which is better.