Archive of questions
Login
Register
Questions
Unanswered
Tags
Ask a Question
Online archive of questions on various topics answered by our experts. You can also ask a question (registration is required)
Related questions
How can I deduct the sales tax from an overall purchase amount?
How can I report interest income from a home equity line of credit on my tax return?
How does the employer determine the amount of federal withholding tax to deduct from an employee's paycheck?
What is the reason for only being able to deduct half of a sole proprietor's self-employment tax in calculating taxable income?
Why does the government deduct tax money from our paychecks for social security and Medicare?
How can I deduct a new home purchase on my tax return?
+116
votes
How can I deduct a new home purchase on my tax return?
business & finance
asked
Feb 2, 2022
by
Christian Alder
(
4.3k
points)
Your answer
Your name to display (optional):
Email me at this address if my answer is selected or commented on:
Email me if my answer is selected or commented on
Privacy: Your email address will only be used for sending these notifications.
2
Answers
+78
votes
Best answer
Claim what? You don't get any tax benefits just for owning a house. But on your itemized deductions, there's slots for the mortgage interest and property taxes you've paid in the last year. That, in most cases, is deductable.
answered
Feb 5, 2022
by
Denise O'Malley
(
4.3k
points)
selected
Feb 8, 2022
by
Christian Alder
Your comment on this answer:
Your name to display (optional):
Email me at this address if a comment is added after mine:
Email me if a comment is added after mine
Privacy: Your email address will only be used for sending these notifications.
0
votes
go to a taxe preparer and they should be able to help you
answered
Feb 4, 2022
by
Michelle Pickford
(
4.4k
points)
Your comment on this answer:
Your name to display (optional):
Email me at this address if a comment is added after mine:
Email me if a comment is added after mine
Privacy: Your email address will only be used for sending these notifications.
...