My wife and I bought our first house in February, 2016. We used a conventional loan to acquire the property.
Now (March, 2016) I am preparing a tax return statement for 2015 year. I haven't made any scheduled payments towards our mortgage loan except of the initial down payment.
Is there anything that I can do now or report in my current tax return statement to:
- increase the amount returned?
- get a tax break?
- somehow reduce my payments towards loan interest?