Have you been paying monthly private mortgage insurance (PMI) because your down payment for your home was under 20%? You can get a refund back by claiming the PMI deductions on your income tax returns.
Not making the PMI deduction is one of the top 5 mistakes homeowners usually make on their taxes. This tax … Read the rest
The federal government motivates you to buy a house by permitting the deduction of home loan interest. Although extra standards are present, just the interest you actually pay out throughout the year is entitled to a reduction in taxes.
Should you make a past due home loan payment in the next income tax year, you … Read the rest