Deductible Home Buying Expenses Official

: State and local real estate taxes (SALT) are deductible up to a combined total of $40,000 through 2028.

This limit applies to loans taken out after December 15, 2017. deductible home buying expenses

The Internal Revenue Service (IRS) identifies three major categories of homeownership expenses that you can typically deduct: : State and local real estate taxes (SALT)

Topic no. 504, Home mortgage points | Internal Revenue Service 000 of mortgage debt ($375

: You can deduct interest paid on up to $750,000 of mortgage debt ($375,000 if married filing separately) for a first or second home.