Question by SP: What items can a first time home owner claim on taxes?
Best answer:
Answer by phil.
the interest on the loan(s) for the property, points paid for the loan(s) as well as the property taxes are deductible for federal and state income tax purposes. if the property is a multiunit dwelling (i.e. duplex) and one of the units is your primary residence, there are more deductions available to you. you should consult a tax preparation professional to maximize your deductions
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