There have been a lot of tax code changes in the last few years. It can be hard to keep up with them. But if you make it a point to know or ask an accountant about specific deductions, you could save hundreds of dollars.
There are many old and new deductions available. Some of these deductions are set to sunset, so it’s wise to take advantage of them while you can. But what are some little-known or important deductions and credits?
Deduct Loan Origination Fees
Most people know that you can deduct mortgage interest. But there are also loan origination fees. These are sometimes also called:- maximum loan charges
- loan discount
- discount points
