Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
In anticipation of the upcoming Exempt Org and Texas Franchise deadlines (5/15), we've compiled a list of the most common questions here.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Cash Home Purchase
Cash Home Purchase
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
sinctaxservices
Level 1
07-19-2023
12:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Are there any tax breaks, credits or deductions for paying cash for a home purchase? I am thinking no, however I maybe there is. Any help would be appreciated.
Labels
2 Comments 2
BobKamman
Level 15
07-19-2023
01:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
If you got a mortgage, the interest might not be deducible because of the higher standard deduction and limits to other deductions like property taxes. And if you left the money in the bank, the interest it earned would be taxable.
