Buying A House Tax Return -

First-Time Home Buyer Tax Credits 2026: Deductions & Savings

: You can deduct the interest paid on up to $750,000 of mortgage debt ($375,000 if married filing separately) for homes purchased after December 15, 2017. This cap was made permanent under recent tax law changes.

: If you paid "points" at closing to lower your interest rate, you can typically deduct the full amount in the year of purchase for a primary residence.

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Share invoices and all business documents with WhatsApp share. 000 of mortgage debt ($375

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TallyPrime 6.2

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