Are Points Tax Deductible?

Are Points Tax Deductible?
(NOTE: if you’re looking for a list of itemized deductions, or more help with filling out your 1040, go back to the 1040 summary page here) Points. Origination fees. Maximum loan charges. Loan discount. Discount points. Sometimes, when I look at the number of phrases in the Real Estate industry has that mean the same thing, ...

Can I Deduct Those Ridiculous Mortgage Insurance Premiums?

Can I Deduct Those Ridiculous Mortgage Insurance Premiums?
(NOTE: if you’re looking for a list of itemized deductions, go back to the 1040 summary page here) When we bought our first house, the payments that frustrated me more than cat trying to catch a laser pointer were the Mortgage Insurance Premiums. While all the other payments felt more or less justified, Mortgage Insurance came as a punishment. I could ...

Deduct Penalty on Savings Withdrawal

Deduct Penalty on Savings Withdrawal
(This is part of a series looking at various common 1040 questions. To go back to the summary page, click here) It’s been a while since I’ve talked about tax helps, so I thought it was about time to get back on that cart. I mean, how else am I going to have enough content to ...