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WHAT % OF YOUR INTEREST DO YOU GET BACK IN TAXES?

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Guest	Posted: Sun May 29, 2011 10:54 am    Post subject: WHAT % OF YOUR INTEREST DO YOU GET BACK IN TAXES? Like 0 Dislike 0 IF YOU PAY 100 $ in interest on your house, what % do get back in reduced taxes?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Sun May 29, 2011 8:19 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! You need to contact a CPA and he will better guide you in this matter. Sussane
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Tue May 31, 2011 1:46 pm    Post subject: Taxes Like 0 Dislike 0 Mortgage interest is tax deductible. How much you get back is dependent upon your taxable income and what tax bracket you are in. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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