March 19th, 2010
April is right around the corner and that means…it’s tax time! Today we are exploring the question “what’s deductible in itemized deductions for homeowners?” Below are six key deductions to keep in mind when preparing your taxes this year.
If you have additional questions about your 2009 tax return, we highly encourage you to consult a professional tax accountant. If you have questions about becoming a homeowner so you too can benefit from these deductions, contact Steve & Lisa today!
- Mortgage Interest
- Points - paid at closing if you purchased or possibly if you refinanced this year
- Mortgage Insurance Premiums
- Property Tax
- Energy Efficiency Credits – see IRS Form 5695 for qualifying projects
- Home Buyer Tax Credit – if you qualify and purchased a home this year, see IRS Form 5405 to claim your credit.
What’s deductable in itemized deductions for Contact Steve & Lisa for all your Real Estate needs, 970.377.3700
* This is general information and is not intended to be tax or legal advice; see a professional for specifics and advice.
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