Hello Are there tax deductions I an take if I bought a house at the end of 2016?

[dawn0161]

I bought the house at the end of 2016, I went to settlement on Nov 29, 2016. The former owners paid the property taxes for the rest of 2016, are there any other tax deductions I can use?

[Melaine · Accepted solution]

Not knowing everything that you paid when you closed on your new home, please read the short article on Buying Your First Home it has a list of all the deductions you can take as a home owner.  You will definitely use this next tax year to claim all the expenses you will pay in 2017.  Congratulations on your new home.