Tax Expenditure of the Week: The Mortgage Interest Deduction ...
Jan 26, 2011 . The mortgage interest deduction is closely associated with . For a family in the 35 percent tax bracket, a $100 deduction is $35 less he owes .
http://www.americanprogress.org/issues/open-government/news/2011/01/26/8866/tax-expenditure-of-the-week-the-mortgage-interest-deduction/
Why the Mortgage Interest Deduction Is Terrible - Matthew O'Brien ...
Jul 17, 2012 . There are few tax breaks more beloved than the mortgage interest . It shows what percent of the total dollar value of the deduction goes to .
http://www.theatlantic.com/business/archive/2012/07/why-the-mortgage-interest-deduction-is-terrible/259915/
Mortgage tax deduction calculator - Bankrate.com
Bankrate.com provides a FREE mortgage tax deduction calculator and other mortgage interest calculators to help consumers figure out how much interest is tax .
http://www.bankrate.com/calculators/mortgages/loan-tax-deduction-calculator.aspx
What Percentage of Mortgage Interest Is Deducted on Tax Returns ...
Buying a home can take a huge bite out of your savings and require you to commit to decades of mortgage payments. Home ownership does, however, allow .
http://budgeting.thenest.com/percentage-mortgage-interest-deducted-tax-returns-4006.html
Step 1
Mortgage-Tax Break Curbed by Housing Slump - Bloomberg
Apr 20, 2012 . Federal tax filers claimed almost $71 billion less in mortgage interest deductions for 2009 than for 2007, a 14 percent drop, according to the .
http://www.bloomberg.com/news/2012-04-20/mortgage-tax-break-curbed-by-housing-slump-as-states-get-reward.html
The Maximum Mortgage Tax Deduction Benefit Depends On The ...
Jul 19, 2012 . The beauty of the mortgage interest deduction is that it applies to your marginal income, and therefore your highest marginal tax rate. For those .
http://www.financialsamurai.com/2012/07/19/maximum-mortgage-tax-deduction-depends-on-income/
Step 2
Owning real estate, what's tax deductible?
A homeowner can deduct points used to obtain a mortgage when buying a home, mortgage interest paid during the year, and property taxes. To find out what is .
http://www.realestateabc.com/taxes/deductible2.htm
Mortgage Interest Tax Deductions
According to the tax code, this homeowner's deductions for mortgage interest and property taxes would be evaluated at a 15 percent marginal tax rate.
http://mortgage-x.com/brochure/deductions.htm
Step 3
Mortgage Tax Deduction Calculator - Money-zine.com
Using the loan amount, interest and tax rate, this mortgage calculator provides the monthly payment as well as the annual tax deduction and remaining principal .
http://www.money-zine.com/Calculators/Mortgage-Calculators/Mortgage-Tax-Deduction-Calculator/
Step 4
Tax Topics - Topic 504 Home Mortgage Points
Aug 11, 2012 . You can deduct the points in full in the year they are paid, if all the . were computed as a percentage of the principal amount of the mortgage, .
http://www.irs.gov/taxtopics/tc504.html
Step 5
Article: Pay off home mortgage— lose tax deduction?
Sep 15, 2004 . Therefore, the IRS deduction they receive is 30 percent of the interest paid on the mortgage. As an example (remembering that the tax rates are .
http://www.crown.org/Library/ViewArticle.aspx?ArticleId=280
Step 6
Is It Time to Kill the Mortgage Interest Tax Deduction? - DailyFinance
Apr 20, 2011 . Though many economists argue the mortgage interest deduction . the mortgage interest tax deduction to either lower the overall tax rate or as .
http://www.dailyfinance.com/2011/04/20/eliminate-mortgage-interest-tax-deduction/
Obama Tax Return Claims Mortgage Deduction That Most Helps ...
Apr 13, 2012 . The rate would have been higher if not for the mortgage interest deduction, but the largest tax saving came from charitable deductions.
http://www.huffingtonpost.com/2012/04/13/obama-tax-return-mortgage-interest-deduction_n_1424645.html
Photo Credits
- property image by Christopher Hall from shopping venice italy sunday