Incredible Are New Home Closing Costs Tax Deductible 2022. No, closing costs, including the below are not tax deductible but may increase the cost basis of your home which may benefit you in the event of sale. Not all closing costs are tax deductible.

Here is what’s typically included in closing costs: No, closing costs, including the below are not tax deductible but may increase the cost basis of your home which may benefit you in the event of sale. However, on a new loan,.