As the time to file income taxes approaches, we need to take a new look at the changing tax landscape for homeowners. The dynamic atmosphere in Washington, D.C. has a different effect each year on which tax breaks are proposed, rescinded, changed, and extended for taxpayers who own a home.
Top 10 Real Estate Tax Deductions
1. Mortgage Interest Deduction 2. Home Improvement Loan Interest Deduction 3. Private Mortgage Insurance (PMI) Deduction 4. Mortgage Points/Origination Deduction 5. Energy Efficiency Upgrades/Repairs Deduction 6. Profit on Sale of Real Estate Deduction 7. Real Estate Selling Cost Deduction 8. Home Office Deduction 9. Property Tax Deduction 10. Loan Forgiveness Deduction
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