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Interest Deduction  Form

Interest Deduction Form

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Video instructions and help with filling out and completing Interest Deduction Form

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Instructions and help about 2020 interest deduction form

hey taxpayers it's Tiffany Gonzalez CPA here and we're back with another installment of what is that where we discuss Financial term and topics you may have heard but we make them super easy to understand today we're talking about the mortgage interest deduction if you're a homeowner or an investor with a mortgage on a property this is a video you will not want to miss the mortgage interest deduction is a tax benefit that allows homeowners and investors to reduce their taxable income by the amount of mortgage interest that they pay interest expense can be pretty significant especially in the early years so being able to take this deduction is a huge benefit let's say you pay mortgage interest of roughly ten thousand dollars a year and you're in the 25 tax bracket that's roughly a twenty five hundred dollar tax savings of course like most things in finance things get a little bit limited for some taxpayers first we need to deal wit

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