Tax Website Unveils Insight Into the Home Mortgage Interest Deduction
Filemytaxesonline.org now features an article by tax expert Frank Ellis, which discusses the home loan mortgage interest tax deduction from the IRS. By allowing this deduction, the government helps motivate people to buy houses, says the author. The article first covers collateral. To ensure the mortgage is paid back, the financial institution stays on the deed. Homes with this kind of security interest, Ellis says, could qualify one to deduct interest payments.
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