Tag: homeownership tax break
Is that expense tax-deductible?
One of the commonly listed benefits to home ownership is that the related expenses incurred are tax-deductible. However, this is not always the case, according to tax expert Stephen Fishman. Read more …
Should you be Concerned with the Removal of Your Mortgage Tax Deduction?
The current mortgage tax deduction program allows for homeowners who itemize on their tax returns to deduct their interest up to one million dollars on both first and secondary homes. They can also deduct interest on their home equity loans up to one hundred thousand dollars. The Obama deficit commission has been trying to remove [...]
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