The Truth About Taxes and Your Home

The Truth About Taxes and Your Home

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This is the eBook version of the printed book. This Element is an excerpt from The Truth About Paying Fewer Taxes (9780137153862) by S. Kay Bell. Available in print and digital formats. All you need to know about Americaa€™s #1 tax deduction: the home mortgage interest deduction. For most of us, our home is our biggest investment. It also provides some of our biggest tax breaks. If you have a mortgage, the pain of that monthly payment is eased each filing season when you realize just how much tax-deductible interest youa€™ve paid. Generally, home mortgage interest is any interest you pay on a loan secured by your home. This is typically....Interest on home acquisition debta€”thata#39;s taxspeak for the loan (the first mortgage ) to buy your housea€”is deductible as ... homerelated debt, usually in the form of home equity loans or home equity lines of credit, also might be deductible, butanbsp;...

Title:The Truth About Taxes and Your Home
Author: S. Kay Bell
Publisher:Pearson Education - 2010-07-14

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