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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (1088178)9/13/2018 6:42:35 PM
From: Broken_Clock  Respond to of 1580159
 
for most of those 30 years you get about a 30% tax deduction on your mortgage payment for mortgage interest.... eg buy a house for 300K and get a 100K deduction each year
wrong

$13,400.98 interest in the first year at a 4.5% interest rate. That equals a "deduction" against income of $4k and change. If you are in a tax rate of 25% that is a $1,000 less in tax





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