Are escrow fees tax deductible?

Answer Property taxes are taken out of each mortgage payment, along with homeowners insurance, and put into an escrow account. While the escrow account itself is not tax deductible, there are certain fact... Read More »

Top Q&A For: Are escrow fees tax deductible

Are condo fees tax deductible?

Not usually. Your monthly assessments -- fees, you write -- pay to operate the community and save money for major repairs.

Are divorce fees tax deductible?

Most divorce fees cannot be claimed as a tax deduction. However, if a spouse uses the services of a lawyer, accountant or other professional to obtain spousal support (alimony), their fees may be t... Read More »

Are origination fees tax deductible?

When purchasing a mortgage or refinancing one, many borrowers look to deduct some of the closing costs from their tax bill. However, the only cost associated with a mortgage closing that is tax ded... 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 »