One of the most overlooked tax breaks is the mortgage points deduction.
When you buy a home, you might pay “points” (also called discount points) upfront to lower your mortgage interest rate. Most people forget that these points are 100% tax-deductible in the year you buy your home (as long as it’s your primary residence).
🏡 Other Overlooked Tax Breaks:
✅ Property Tax Deduction – Many buyers don’t realize they can deduct up to $10,000 in state and local taxes combined (property + state income/sales tax).
✅ PMI (Private Mortgage Insurance) – If you’re under certain income limits, you can deduct PMI — a big one for first-time buyers with smaller down payments.
✅ Energy Efficiency Upgrades – Solar panels, energy-efficient windows, and certain HVAC systems can qualify for generous tax credits.
✅ Home Office Deduction – If you work from home and qualify, you can write off a portion of your mortgage interest, utilities, and more.
At Trealtorr, we don’t just help you buy your first home — we make sure you know about these money-saving perks so you don’t leave thousands on the table.
📲 Call or text us today at +1 (347) 831-6085 — we’ll connect you with the right resources to claim every tax break you deserve!