Which item(s) are tax deductible for consumers who are buying a home? a. down payment b. mortgage property appraisal and inspection costs c. closing fees and title costs d. mortgage interest and property taxes e. insurance payment

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29-04-2022
Social Studies

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Which item(s) are tax deductible for consumers who are buying a home? a. down payment b. mortgage property appraisal and inspection costs c. closing fees and title costs d. mortgage interest and property taxes e. insurance payment

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Tundexi Tundexi · Answer 1 · 2022-05-02T13:22:55+02:00

The items that are tax deductible for consumers that are buying a home includes is mortgage interest and property taxes.

What is a tax deductible?

This means the expense that is ordinary and that helps a business to generate income.

On the mortgage interest and property taxes, the tax deductible are applied as long as they do not surpass the maximum limit that required by the government.

Therefore, the Option D is correct.