Tax Deductions for Primary Homes

Tax-Deductible Housing Expenses: What Can You Deduct for Your Primary Residence?

As the tax deadline is soon approaching, you may be wondering what you can deduct from your primary residence. Here is a list of housing-related expenses that may be tax-deductible for your home:

• Property taxes.
• Points that you paid on your mortgage loan.
• Mortgage interest on up to $750,000.
• Loan interest on home equity lines of credit.
• Home improvements required for medical care.
• Energy efficient upgrades to your home.

Of course, check with your local CPA to make sure you qualify for these. If you need a referral to a CPA, please call or email us – we’d be happy to help facilitate!

Have more questions or want professional advice on buying or selling a home?

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