TAX DEDUCTIONS ON HOME PURCHASE

I purchased a house this year. Would I qualify for any tax deductions on a home purchase?

Unfortunately, most of the expenses you paid when buying your home are not deductible in the year of purchase.

The only tax deductions on a home purchase you may qualify for is the prepaid mortgage interest(points). To deduct prepaid mortgage interest (points) paid to the lender if you must meet these qualifications: