02/08/2023
It’s Tax time‼️‼️‼️
Here are some tax deductions that might be possible:
🗺️ Property Taxes: State and local property taxes may be a deduction. You received a copy of your bill in the mail in December most likely.
💰 Mortgage Interest: This is the interest you paid on your loan. You should receive a document in the mail stating how much interest you paid.
📝 Mortgage Credit Certificate (MCC): If you are entitled to this credit, you should receive papers in the mail. The program is a tax credit for a portion of mortgage interest paid per year.
👉🏽 Discount Points: Money you paid that was associated to your interest rate.
👨💼 Mortgage Insurance (PMI): This has been paid as part of your total mortgage payment if you are paying it.
🧾 Save Your Receipts: Remember, your moving expenses could be tax-deductible.
For the first 3️⃣, you should have received something in the mail. ✉️ For the last two, please check your Closing Disclosure outlining information about your mortgage transaction. 📑
