02/04/2026
🏡 First-Time Homebuyers: SAVE THIS for Tax Time! 🧾⬇️
Buying your first home? One document you’ll want to keep is your Closing Disclosure—it can be helpful when filing your taxes 👇
✨ Line items to pay attention to:
✔️ Mortgage interest (including prepaid interest at closing)
✔️ Discount points (if you paid to lower your rate)
✔️ Property taxes paid at closing
🚫 Common costs that are not tax deductible:
❌ Homeowner’s insurance
❌ Title & appraisal fees
❌ Escrow deposits (until taxes are actually paid)
📌 Pro Tip:
Save your Closing Disclosure + Form 1098 and check with a trusted tax professional to see what applies to you.
Buying a home isn’t just a move—it’s a financial milestone. Knowing what to save makes you a smarter homeowner 💡
