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Mortgage Points Tax Deduction
It`s that time of year when people are thinking about their income taxes and many who bought a home last year are wondering what the can deduct on their income taxes. Let me start by stating: I am not a tax advisor; I am a& ...
mortgage points tax deduction
The Internal Revenue Service considers mortgage points a form of prepaid interest, so they are tax deductible. The IRS says that mortgage points are generally deductible over the life of your mortgage, although points may be fully deductible& ...
Don`t overlook the tax deductibility of points paid to get that mortgage for your new home.
It will be harder to reduce tax rates if the deduction is declared off limits." More to the point, tax rates are quite unlikely to be reduced even if the mortgage interest deduction goes away. And the public knows it. Posted by: Stacy& ...
It`s that time of year when people are thinking about their income taxes and many who bought a home last year are wondering what the can deduct on their income taxes. Let me start by stating: I am not a tax advisor; I am a& ...
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