Deductible Home Buying Expenses -
Check your settlement statement for any pro-rated property taxes you reimbursed to the seller at closing; these are often deductible even if they aren't on your Form 1098.
: State and local real estate taxes (SALT) are deductible up to a combined total of $40,000 through 2028. deductible home buying expenses
: You can deduct interest paid on up to $750,000 of mortgage debt ($375,000 if married filing separately) for a first or second home. Check your settlement statement for any pro-rated property
The Internal Revenue Service (IRS) identifies three major categories of homeownership expenses that you can typically deduct: 000 of mortgage debt ($375
Topic no. 504, Home mortgage points | Internal Revenue Service