http://www.irstaxsupport.com/what-expenses-related-to-owning-a-home-are-deductible/ IRS Tax Resources, Business News, & Personal Finance Information Sat, 13 Mar 2010 16:29:03 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.irstaxsupport.com/what-expenses-related-to-owning-a-home-are-deductible/comment-page-1/#comment-92 » What Expenses Related to Owning a Home Are Deductible? Tue, 07 Oct 2008 08:15:07 +0000 http://www.irstaxsupport.com/?p=301#comment-92 [...] Free Real Estate Articles wrote an interesting post today onHere’s a quick excerpt First, mortgage interest on loans up to $1 million is completely deductible for the year in which you pay it to buy, build or improve your principal residence plus a second home. You can also deduct points you pay to refinance your home - over the life of the loan. You can deduct points paid when you purchase your home in the year paid, no matter who pays them, the buyer or the seller. When you sell your home, you probably won’t need to worry about capital gains taxes if you own and live in yo [...] [...] Free Real Estate Articles wrote an interesting post today onHere’s a quick excerpt First, mortgage interest on loans up to $1 million is completely deductible for the year in which you pay it to buy, build or improve your principal residence plus a second home. You can also deduct points you pay to refinance your home – over the life of the loan. You can deduct points paid when you purchase your home in the year paid, no matter who pays them, the buyer or the seller. When you sell your home, you probably won’t need to worry about capital gains taxes if you own and live in yo [...]

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