Tax Year 2015: I closed on my home on December 16th, 2015, I know that there is no Federal first time home buyer credit. Is there any credit given besides Taxes,interest and insurance?

Yes, points and mortgage insurance can be deducted.   (Points can also be called loan origination fees, maximum loan charges, discount points, or loan discount.) Check your Settlement Statement.

You can also deduct any interest or property taxes from the settlement statement that are not already reported on the Form 1098 and not "pre-paid" and held in escrow. 

Note: Homeowner's insurance is not deductible, only mortgage insurance.

Here's how to get there:

• Federal Taxes tab (Personal in the Home and Business Version
• Deductions and Credits
• Your Home
• Mortgage Interest and Refinancing (select Add a Lender if you have already entered one)