Some might be. In general, most closing costs are not tax-deductible. This is because the IRS regards them as part of the expense of purchasing a home and not a cost related to the use of the home.

Tax deductions can help homeowners offset some of the costs associated with property ... if they are considered prepaid interest. If refinancing a mortgage, discount points must be deducted ...

Prior to 2018, investors could deduct some or all of their investment advisory fees on their federal tax returns. The Tax Cuts and Jobs Act of 2017, effective for tax years 2018 to 2025 ...

Credit card interest on business expenses is tax deductible, but not on personal expenses. Deducting credit card interest on your taxes can lower your tax burden, but you'll save more money if you ...

“For a refinance loan, they are typically 3 to 6 percent of the loan amount.” Common closing costs include: Some might be. In ...