8 possible tax breaks for homeowners

by Rob Regan on February 19, 2013

There was widespread fear that the home mortgage interest tax deduction was going to go away, but the National Association of Realtors wasn’t about to let that happen.  Special interests control tax laws, and they’ve got most Americans behind them on this one, in addition to a recovering housing market that no one wanted to mess with.  In addition to that being safe and sound there are others.

This Fox Business article lists others you should look into.  Here’s their full list (see article for explanations):

  • Mortgage interest paid at settlement
  • Points
  • Property taxes
  • Selling costs
  • Home office
  • Home improvement loan interest
  • Mortgage insurance premiums
  • Construction loan interest

As always, talk to an accountant before trusting anything you read online or hear from a non-expert like me.



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