Wednesday, October 14, 2015

Property tax deductions. The Internal Revenue Service allows homeowners to claim as itemized personal deductions money paid for state and local realty taxes, as well as interest on debt secured by their homes.  It also allows for the deduction of loan prepayment penalties, and the deduction of points on new loans.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com