Montana mortgage tax savings
At the end of the year, homeowners can deduct from their taxes mortgage interest and the amount paid in property taxes, a potentially big savings. When purchasing a mortgage, points paid can also be deducted on that year’s taxes. Points paid on a refinance are different; the amount must be amortized over the refinance mortgage term according to IRS rules. To get an idea how much you can potentially save during tax time, to Mortgages.com free tax savings calculator.
