Is there a first time home buyer tax credit in Arizona? No federal or state credit you can claim on a 2026 purchase, but the MCC, the $10,000 IRA rule and points deductions are real. What applies to you. Pillar Mortgage Group.
Does the mortgage interest deduction help in Arizona? At 7.03%, a $500,000 loan clears the $32,200 joint standard deduction and a $400,000 loan does not. See the math. Pillar Mortgage Group.
Cash out refinance money is not taxable income in Arizona, but the interest is only deductible if you use the cash to buy, build, or substantially improve the home. IRS rules, the $750,000 cap, and what to keep. Pillar Mortgage Group.
Straight answers on buying, refinancing, and selling a home in Scottsdale, Phoenix, and across Arizona, from Blake Hermann, Director of Lending at Pillar Mortgage Group (NMLS #2271358).