Are closing costs tax deductible?
Closing costs can run thousands of dollars — but some of them could be tax deductible.
4 min read
Mar 08, 2023
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
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What salary is needed to buy a home in these popular U.S. cities?
How much can you afford to spend on a home in these top markets?
5 min read Mar 06, 2023 -
How to buy a second home with no down payment
Tips on buying a second home with no money down.
6 min read Mar 03, 2023 -
What does it mean to have ownership interest in a property?
Ownership interest changes based on whether you own a house outright or co-own it with others.
4 min read Feb 22, 2023 -
How, and why, to put your home in a trust
Putting assets in a trust, including a home, protects them in many ways.
5 min read Feb 21, 2023 -
Mortgage rate forecast for February 2023: Will the groundhog see the shadow of January rates?
The consensus is clear — if undramatic: They’ll probably gently drift, like a falling snowflake.
5 min read Jan 31, 2023 -
Common contingencies in real estate, explained
Many types of contingency clauses can be added to a real estate contract.
7 min read Jan 04, 2023 -
Mortgage rate forecast for January 2023: Rates could yo-yo
New year, new rates? It all depends on inflation, the Fed, and if a recession looms.
5 min read Jan 01, 2023
