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7 Mortgage Interest Deduction Myths

7 Mortgage Interest Deduction Myths

Don't let confusion or misinformation from others lead to an audit! Mortgage interest is a tax-deductible expense. A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income by the amount of interest paid on the loan. For more information, click the link below to read the full article.

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Copyright 2011 NATIONAL ASSOCIATION OF REALTORS®

Blog article provided by Christina Cavins, a Nationally recognized Realtor with Irongate Inc. Realtors. Christina can be reached via email at ChristinaCavins@aol.com or by cell phone or text message at 1-937-205-4741. For Ohio real estate and homes see Ohio Real Estate.

 

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Comment balloon 2 commentsChristina Cavins • March 04 2011 01:27AM

Comments

Christine, thank you for a clear concise explanation of the impact of losing or reducing the MID.

Posted by George Bennett, Inactive Principal Broker, GRI (Inactive) over 8 years ago

Good Morning Christina, excellent input on the MID, thanks for posting it.

Posted by Dan Edward Phillips, Humboldt and Del Norte Counties, CA (Dan Edward Phillips, Humboldt and Del Norte Counties, CA) over 8 years ago

Participate