Posted by: dagmarsands | October 21, 2015

Buying a House? Don’t forget this important tax break.

Most people remember to deduct mortgage interest payments on their tax returns, but many neglect to deduct the points paid to get their home loan. This deduction can be found on Schedule A of form 1040. Banks generally charge higher upfront points for lower interest rates, so be sure you take advantage of this one-time tax benefit!

Dagmar Sands
Real Estate International
International Real Estate Broker
http://www.worldclassrealestatebroker.com

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