There are two forms of tax credits for home power improvements — the residential clear energy credit score and the energy environment friendly home improvement credit. Discount factors can save you big cash on a 30-year mortgage by decreasing the total interest you may have to pay throughout many years, but they can additionally save you money on your taxes when you purchase them. The IRS considers mortgage points to be pay as you go interest, so you can add the quantity paid for points to your whole mortgage interest that is entered on Line 8 of 1040 Schedule A.…