There are many tax benefits that exist to help you profit from your decision to buy a home. In this section, you will find detailed information on the tax benefits of refinancing your first home, such as deducting all of the interest up to a maximum of $1 million in mortgage debt; the tax benefits of refinancing your second home/vacation home, such as fully deductible interest; and the tax benefits of selling your home, such as reducing your taxable capital gain by the amount of your selling costs.
Knowing the detailed tax benefits for your current situation can save you thousands on the purchase or sell of your home. Click on each of the scenarios featured below to learn more:
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.