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Buying your first home isn’t just exciting — it can also save you money at tax time (if you know where to look). Here are 6 tax deductions many first-time buyers miss 👇 1️⃣ Mortgage interest The interest you pay on your home loan may be deductible — especially in the early years when interest is highest. 2️⃣ Property taxes You can deduct state and local property taxes (up to IRS limits). 3️⃣ Points paid at closing If you paid points to lower your interest rate, they may be deductible. 4️⃣ Home
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