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July 31st, 2007 — Financial Education, Lending Club, bracket, deduction, deductions, largest, mortgage, reduced, taxable, taxes from Mike Smith @ Lending Club
For most Americans who have a mortgage, interest paid on their mortgage will likely be one of their largest tax deductions. Misunderstanding this deduction is common and often leads to poor decisions.
The mortgage interest deduction will reduce your taxable income. This means that the taxes you pay will be based on a smaller amount. It [...]
Continue reading → Backwards Thinking on Mortgage Interest Deductions
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