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Top 10 Tax Deductions Every Homeowner in NYC Should Claim

  • mrsniccolgordon
  • Nov 30, 2025
  • 1 min read

Queens Tax Preparer • NYC Homeowner Taxes • Real Estate Tax Support • Laurelton Tax Office

Owning a home in New York isn’t cheap, so every deduction counts. Whether you live in Queens, Long Island, Brooklyn, Bronx or Staten Island here are the top tax deductions homeowners are often eligible for but frequently overlook:



Mortgage Interest: A major deduction for most homeowners, especially in high-cost areas.


Real Estate Property Taxes: Part of the SALT (State and Local Tax) deduction — still valuable.


Home Office Deduction: Remote workers and business owners may qualify if used exclusively for work.


Home Improvements (Energy-Efficient): Eligible upgrades may qualify for credits, windows, heat pumps, solar, etc.


Mortgage Insurance Premiums: Often missed, but absolutely deductible when allowed by IRS rules.


Points Paid on Your Mortgage: If you paid points to reduce the interest rate, that may be deductible too.


Casualty + Disaster Losses: NY weather events can sometimes qualify for relief — keep records.


Capital Improvements (When You Sell): Upgrades may reduce capital gains — track home improvements now.


Dependent-Related Deductions: If caring for dependents in the home, additional credits may apply.


Landlord or Investment Property Deductions: If you rent part of your home or own an additional property, separate deductions apply — from depreciation to maintenance.



Live in NYC? The rules get complex fast.


We help homeowners:


Maximize deductions

Reduce tax liability

Protect home equity and wealth long term


Written By: Dr. Niccol Gordon


Schedule a consultation today and let us help you keep more of what you’ve earned.




Queens Tax Preparer • NYC Homeowner Taxes • Real Estate Tax Support • Laurelton Tax Office • form 1040 • black owned tax office • Express Tax Pros • Express Tax Professionals

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