Who gets the biggest mortgage-interest tax break? Wealthy homeowners.
Story date: 2008-02-26 09:14:00
Added on: 2008-02-26 10:16:07
CNBC - The interest you pay on your mortgage of up to $1 million and home equity loans of up to $100,000 is almost always tax deductible. But that deduction is only available if you itemize your deductions _ that is, break out your deductible expenses, such ...
Read more...
Related Stories:
-
Insurance on '07 mortgages is deductible
Lexington Herald-Leader - In a year of bad mortgage news, there's a bright spot or two for homeowners: Foreclosure comes with a...
2008-01-27 11:54:00 -
Mortgages won't be deductible
News.com.au - I'm in the fortunate position not to have to worry about a mortgage rate rise. But my ... The only...
2007-11-08 11:20:00 -
Tax breaks help homeowners (Abilene Reporter-News)
Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible....
2008-02-16 10:00:00 -
Will mortgage-interest tax break help me?
Daily Breeze - Answer: The wealthier you are and the more expensive your home is, the more the mortgage-interest deduction may help...
2008-03-02 01:30:00 -
Will tax break on mortgage help filer?
Louisville Courier-Journal - A: The wealthier you are and the more expensive your home is, the more the mortgage-interest deduction may help...
2008-03-09 01:50:00 -
Will mortgage-interest tax break help me?
Daily Breeze - ... itemize if your deductible expenses are greater than the Internal Revenue Service's standard deduction, which is $10,700...
2008-03-02 01:30:00 -
No tax deductions for interest
News.com.au - The case study referred to an investment loan where the interest is tax deductible and hence, for a top- rate...
2007-12-16 07:11:00 -
Owners of homes get help (Times Leader)
WASHINGTON — In a year of bad mortgage news, there’s a bright spot or two for homeowners: Foreclosure comes with a tax...
2008-02-02 09:54:53