Don’t Miss These Home Tax Deductions

home-tax-deductions-exteriorDon’t Miss These Home Tax Deductions

Published by:, Written by: Dona DeZube (Image by: Liz Foreman), December 22, 2014

If you itemize your deductions, you may get back some of the money you spent on mortgage interest and property taxes.

From mortgage interest to property tax deductions, here are the tax tips you need to get a jump on your returns.

Owning a home can pay off at tax time.

Take advantage of these 7 homeownership-related tax deductions and strategies to lower your tax bill:

1. Mortgage Interest Deduction

2. PMI and FHA Mortgage Insurance Premiums

3. Prepaid Interest Deduction

4. Property Tax Deduction

5. Energy-Efficiency Upgrades

6. Vacation Home Tax Deductions

7. Homebuyer Tax Credit

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This article provides general information about tax laws and consequences, but shouldn’t be relied upon as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice; tax laws may vary by jurisdiction.

Related: A Homeowner’s Guide to Taxes

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Don’t Miss These Home Tax Deductions



Christopher Tenggren

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