Some of the fees on your 2021 HUD1 statement are tax-deductible.
Nobody likes doing taxes, but there are two small bits of enjoyment I get out of doing them. First, finishing them comes with an intense sense of satisfaction because I don’t have to deal with them for another 12 months. Secondly, I get to take a close look at my personal and business spending for the entire year. It’s eye-opening to see where your money is going, and it’s great to red-light-green-light your expenses.
If you have done business with my team in the last year, certain fees on your settlement statement are tax-deductible. Everyone knows that mortgage interest and property taxes are tax-deductible, but there are other fees on this settlement sheet that are potentially tax-deductible, such as some lender fees and title fees. If you did business with us last year and don’t have a copy of your HUD1 sheet, please get in touch.
If you have any questions, don’t hesitate to reach out to us by phone or email. We look forward to hearing from you.