{"id":49880,"date":"2024-10-31T15:39:09","date_gmt":"2024-10-31T22:39:09","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=49880"},"modified":"2025-04-24T09:01:05","modified_gmt":"2025-04-24T16:01:05","slug":"are-closing-costs-tax-deductible","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/are-closing-costs-tax-deductible\/","title":{"rendered":"Are Closing Costs Tax Deductible When Selling a House?"},"content":{"rendered":"

When selling your home, it\u2019s likely you\u2019ll focus on the proceeds<\/a> you\u2019ll earn and the taxes you may need to pay. But there are expenses involved that may be tax deductible. In this post, we explore the question: Are closing costs tax deductible?<\/p>\n

Let\u2019s take a look at which fees might qualify for tax deductions and which can reduce your capital gains taxes.<\/p>\n\n\n\n\n\n

What are examples of seller closing costs?<\/h2>\n

When selling a home, you\u2019ll encounter various closing costs<\/a> as part of the process. On average, sellers pay between 2% and 5% of a home\u2019s sale price in closing costs. If you count real estate agent commissions (technically not a closing cost), the percentage increases to a range of 6% to 10%<\/a>.<\/p>\n

For perspective, the median home price in the U.S. ranges from $345,000<\/a> to $420,000<\/a>, depending on the data source. If you sell your house for a mid-range price of $385,000, you can expect to pay anywhere from $23,100 to $38,500 in seller closing costs.<\/p>\n

Here\u2019s a breakdown of some common closing costs sellers typically cover:<\/p>\n