Itemized Deductions - Homeowners

This handout identifies expenses for homeowners which are deductible as itemized deductions. It also includes a chart for home mortgage debt limits.

HIGHLIGHTS: 

  1. Real estate taxes including assessments.

  2. Mortgage interest including limits on deductions.

  3. Mortgage insurance.

  4. Home improvements for medical purposes.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers who are purchasing a home.

  2. Taxpayers incurring additional home mortgage debt.

Individual Income Tax, Planning & Life IssuesClare FazackerleyTax, Deductions, Itemized Deductions, Home Mortgage, Homeowners, Home Improvements, Buying a Home, Home Equity Loan, Mortgage Interest