Tax Deductions You’re Probably Forgetting
- By
Julia Austin
Source: sukanya sitthikongsak / Getty
Mortgage points
If you purchased a home and needed to take out a mortgage to do so, you may have paid your lender something called “points.” This is a one-time, upfront cost to buy down your rate. The cost is typically somewhere in the $1,000 to $6,000 range, depending on the cost of your home and how much you buy the rate down. You can write off these points in your taxes.
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