Deductions & credits

@rjs

Thank you for your reply. No, this not a seller-financed loan since my private lender is a different individual from the seller. Also my mortgage is secured by my home.

 

What is the standard deduction for tax year 2024 for single filer? What are some of the other tax deductions (like property taxes) or expenses (home repairs) that I can report if I want to itemized instead of taking the standard deduction?