2007-11-10 22:14:41 · 4 answers · asked by fayzine 1 in Business & Finance ➔ Taxes ➔ United States
You can claim you are a tarheel????
2007-11-10 22:18:29 · answer #1 · answered by ssssh 5 · 0⤊ 0⤋
When you file your 2008 taxes in 2009, you can claim your mortgage interest and your property taxes. Also, if you paid any points (loan origination fees) for your loan, you can amortize them over the life of the loan.
2007-11-11 08:43:48 · answer #2 · answered by Steve 6 · 0⤊ 0⤋
On a mortgage for a new purchase, you can deduct the points in the year paid. On a refinance, you have to amortize them over the life of the loan. Other than that, the above is correct.
2007-11-11 10:21:53 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
In addition to what Steve says you can deduct the cost of private mortgage insurance. This is a new deduction effective in 2007
2007-11-11 10:09:46 · answer #4 · answered by Charlie & Angie G 4 · 0⤊ 0⤋