Posted by Batool Shamim on March 29, 2011 ·
A Fed tax deduction yielded for interest gave on a mortgage used to purchase, construct, or repair a residence. The deduction is meant to promote tenants to become householders, under the belief that house possession promotes honorable citizenship and reduces crime.
Posted by Batool Shamim on March 26, 2011 ·
People who want their mortgage interest tax deducted as an expense they should fill out Form 1040 and Schedule A, which includes all the taxes such as property tax, medical expenses and contributions.
