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The Top 10 Real Estate Tax Deductions for Homeowners

Posted by Bonnie Martin Designated Broker on Friday, April 5th, 2013 at 8:28am.

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 The dynamic atmosphere in Washington, D.C. has a different effect each year on which tax breaks are proposed, rescinded, changed, and extended for taxpayers who own a home.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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