Going from renting to buying....what can I claim now on taxes?

Question

Going from renting to buying....what can I claim now on taxes?

Answer 1

Property taxes

Mortgage interest

Answer 2

Property taxes and mortgage interest.  Don't expect this to save you huge amounts of tax - it won't unless those items are extrememely high, and might not save you anything in income tax.

Answer 3

Mortgage interest and property tax. If you paid points at closing you can deduct them, if there were financing points included in the loan, you can write them off over the term of the loan

Answer 4

to add to other responces PMI(mortgage insurance) is also deductible for first time home buyers