Are FHA Funding Fees Tax Deductible?

Answer The Federal Housing Administration (FHA) requires a funding fee, more commonly known as a Mortgage Insurance Premium (MIP), at the time of closing. This premium ensures a lender that the loan will ... Read More »

Top Q&A For: Are FHA Funding Fees Tax Deductible

Are appraisal fees tax deductible?

The Internal Revenue Service does not allow you to deduct the cost of appraisal fees from your taxes. IRS topic 504 specifically states that appraisal fees cannot be included in the mortgage points... Read More »

Are parking fees tax-deductible?

If you use your personal automobile to visit a client or customer, parking fees can be deducted from your taxes. However, as part of your normal commuting expenses, parking fees would not be tax-de... Read More »

Are lawyer fees tax deductible?

On One Hand: No Deductions Without IncomeTaxpayers saddled with large attorney fees would love to get a little bit back in the form of a tax deduction. But unless you hired a lawyer to help you ear... Read More »

Are Car Registration Fees Tax Deductible?

Annual car registration renewal fees combine the cost of multiple taxes and fees into one bill. If your car registration fee is a personal expense that you have to pay annually, you may be allowed ... Read More »