Tax Deductions and Your Home

If you have recently purchased property or refinanced your mortgage to capture some of the record low interest rates that exist, you may have some deductions for your tax return that are worth looking into. When you purchased your property or refinanced your mortgage you received a Settlement Statement from the Title Company when you closed. To most people this is a foreign looking statement because of all the charges and credits that are reported on it. Included with this Statement though can be some very important deductions that a lot of people miss. Certified Public Accountant Troy Reichlein explained the deductions you could be missing.

 

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