Famous What Items Are Tax Deductible When Buying A Home References. The internal revenue service (irs) allows you to claim tax deductions and credits for various expenses like mortgage interest, property taxes, and mortgage insurance. This means the expense that.

Now, you can only deduct up to $10,000 from property tax, state income tax, and state/local sales taxes. Homeowners can't deduct any of the following items. This means the expense that.