Re:Simple Bank Is Closing
by Sohcahtoa82 on Thursday January 07, 2021 @09:41PM
(#25680845)
Mortgage interest on your primary residence is tax deductible.
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Re:Simple Bank Is Closing
by lotsofpulp on Friday January 08, 2021 @02:59AM
(#25682620)
Assuming you itemize. For married couples, the standard exemption is $24k. Very few people well end up actually needing to itemize to deduct more than the standard exemption.