Required
BlogTips and AdviceTwo Homeowner Tax Credits You Might Qualify For

Two Homeowner Tax Credits You Might Qualify For

new homeowners
Written by:
AmONE
Edited by:
Kristin Marino verified

new homeowners The time has come for homeowners to start figuring out what tax credits they could be eligible for. Lucky for you Mint noted that there are two newly renewed tax deductions you might be able to take advantage of.

Mortgage Insurance Deduction

According to the IRS you can treat home mortgage insurance as home mortgage interest; this includes mortgage insurance from the Department of Veterans Affairs, the Federal Housing Administration, or the Rural Housing Service, and private mortgage insurance. In some cases your home mortgage interest is fully deductible. The chart below from the IRS can help you determine if you might qualify.


home mortgage interest

Energy Property Tax Credit

Did you decide to green your home last year? If you did then you could be eligible for the extended energy property tax credit. Making energy efficient changes could help you get up to an extra $500 in return. Changes in heating, ventilating, insulation, windows, and doors could qualify you for a nice tax credit. Visit Energy Star to see exactly what changes are covered in the tax credit.

As with all tax information, always be sure to have the proper paperwork to show that you qualify for these tax credits. You can also contact a tax professional to ask about further homeowner tax deductions.

Get matched to your perfect loan and level up your money game.
Find My Loan
Popular Posts
Secured vs. Unsecured Start-Up Loans – Which One Fuels Growth Faster
Tips and Advice|March 11, 2012
Identity Thieves Are Lurking – Time to Outsmart Them
Tips and Advice|September 28, 2012
Emergency Fund Empty? A Personal Loan Might Be Your Backup Plan
Tips and Advice|July 11, 2019
Categories
Debt Tips & Advice Credits Loan FAQs Home Improvement

Related Content

High Loan Rates Robbing You? Here’s How to Fight Back and Win
Financial Tips|November 22, 2024
Discover the key factors that influence personal loan rates, including credit score, loan term, and DTI. Learn how to secure the best rates for your financial needs!
That 401(k) Loan Looks Tempting But It Could Wreck Your Future
Tips and Advice|October 9, 2024
Borrowing from your 401(k) may seem easy, but it risks your retirement. Explore other financial solutions before considering this option to avoid penalties and lost growth.
Are You Overspending? Here’s How to Stop
Tips and Advice|September 14, 2021
Empower yourself with expert advice on managing finances, preventing debt and cultivating a responsible spending mindset. Achieve financial stability and goals.
Upstart Personal Loan Review 2025: Features, Pros & Cons
Tips and Advice|October 29, 2021
Upstart offers personal loans for debt consolidation, auto loan refinancing, and other purposes. Learn how Upstart works approval and see if it's right for you.
Upgrade Personal Loan Review 2025 – Pros and Cons, Features
Tips and Advice|October 1, 2021
Upgrade offers unsecured personal loans to eligible borrowers. Learn more about Upgrade personal loans to help decide if they're right for you.
SoFi Personal Loan Review 2025 – Pros and Cons, Features
Tips and Advice|September 20, 2021
There are many companies out there that can help you get a personal loan. Read on to learn about the SoFi personal loan and whether it is right for you.

Ready to up your money game?

See my loan options
Why AmONE is Trusted By Millions for Their Loan Needs

Anyone can put together a group of lenders in a marketplace to offer people loans. We go beyond that. We not only partner with some of the best lenders around (like Citi, Rocket Loans, SoFi and so many more), we also work with partners who can help people like you go beyond a one-time loan. We connect you with the money programs you need to help you get real financial solutions in place that allow you to tackle your debt and money problems so you can move forward. Getting out from under debt to financial freedom is daunting and we're ready to help you every step of the way.

AI is the hottest thing around right now, but we know from our decades of experience in the personal finance space that the last thing someone wants to do is talk to a robot when they need real answers. Solving money problems can be stressful and daunting, so don't settle for generic responses and information that offers little real financial insights. Speak to one of our many support specialists who all work from an AmONE office right here in the U.S. and get the answers you really need to make better financial decisions.

We work hard to find loan offers for even the most challenging financial situations. With our large lender marketplace, we know we give everyone the best shot at getting the loan, debt and credit help they're hoping to find. Even when someone's credit is clearly poor or they hold a large amount of debt, we still get our customers in front of lenders to give them the best shot at securing the funds they need. When the unexpected happens and customers are rejected for loans, we still work with them to find other financial solutions that put them on the path to financial recovery so they can keep moving forward toward their money goals.

Anyone can put together a group of lenders in a marketplace to offer people loans. We go beyond that. We not only partner with some of the best lenders around (like Citi, Rocket Loans, SoFi and so many more), we also work with partners who can help people like you go beyond a one-time loan. We connect you with the money programs you need to help you get real financial solutions in place that allow you to tackle your debt and money problems so you can move forward. Getting out from under debt to financial freedom is daunting and we're ready to help you every step of the way.

handicon
Matched with Lenders Who Fit Your Needs

Tell us your situation and we will match you instantly to financial solutions that are right for you.

shieldicon
Get Offers from Only Highly Rated Providers

We work with only the highest-rated partners that provide the best chance to get you the loan you need for your situation.

supporticon
Easy Access to Live Support Based in the U.S.

Get live support when you need it most, through email or phone, and have your questions answered fast.

Learn more about getting a personal loan