Top 10 Homeowner Tax Deductions – On the House

Top 10 Homeowner Tax Deductions

By on January 20, 2016
home tax deduction

 It’s Not To Soon To Start Planning For Tax Season are your eligible for any of these deductions?

Here are the top ten on the homeowner tax deduction list:

1.Mortgage Interest

You can find out more about these deductions by visiting IRS Publication 936, Home Mortgage Interest Deductions.

2.Points

3.Equity Loan Interest

You can read more about this deduction by reading IRS Publication 936, Home Mortgage Interest Deductions.

4.Interest on a Home Improvement Loan

5.Property Taxes

 6.Home Office Deduction

 7.Selling Costs

 8.Capital Gains Exclusion

9.Moving Costs

 10.Mortgage Tax Credit

For an overview of other items not listed here, please read IRS Publication 530, Tax Information for Homeowners; IRS Publication 523, Selling Your Home; IRS Publication 587, Business Use of Your Home; IRS Publication 521, Moving Expenses; and IRS Publication 936, Home Mortgage Interest Deduction.

See more at FindLaw

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