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Taxes

How Property Taxes and Mortgage Interest Affect Yearly Tax Returns

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When it comes to owning a house, there are some benefits homeowners may see when they do their annual taxes.  Along with other expenses related to your home that may be deducted, homeowners can deduct the cost of their property taxes and mortgage interest from their federal taxable income.   Mortgage Interest Mortgage interest is…

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How the New Tax Cuts May Affect Homeowners

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With Congress passing their new tax overhaul bill in late 2017, many Americans are wondering how it will affect them individually. The overhaul stretches far and wide and will likely impact every single American in one way or another. Let’s take a look at a few key points of the bill and how they will…

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