Mortgage Interest Deduction
By Yigang Xu, CPAXU CPA, LLCGreenville, SCwww.mygreenvillecpa.com The federal tax code permits taxpayers who itemize to claim a deduction for the mortgage interest they pay on their own homes. This is a very important tax deduction, especially for higher income taxpayers. According to the US Treasury Department, this deduction is the 3rd largest individual tax […]
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