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    December 15, 2009
    Beyond Mortgage Interest: Other Home-Related Tax Deductions
    Sebastian Villal...
    Image by Getty Images via Daylife

    It’s tax time, and you probably know that you can deduct your mortgage interest on your taxes. However, it’s not just your mortgage interest. There are other deductions related to having a mortgage and having a home. Here are some of the deductions to avoid overlooking as you start getting into gear for tax season:

    * Points paid this year for a home mortgage to reduce the interest rate.

    * PMI.

    * Property taxes.

    * Green home improvements.

    There are plenty of opportunities to reduce your tax liability. Think about what you have done with your home this year, and consider what might be eligible. If you have a question about what is eligible, and how you can take your tax deduction, you should contact a tax professional or the IRS.

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