Deductible Home Buying Expenses -

This cap is reduced to $20,000 for those who are married and filing separately.

This limit applies to loans taken out after December 15, 2017. deductible home buying expenses

Interest on home equity loans is only deductible if the funds were used to buy, build, or substantially improve the home securing the loan. This cap is reduced to $20,000 for those

: State and local real estate taxes (SALT) are deductible up to a combined total of $40,000 through 2028. This cap is reduced to $20

Check your settlement statement for any pro-rated property taxes you reimbursed to the seller at closing; these are often deductible even if they aren't on your Form 1098.