3 ms·
I owned a 3 bedroom house in Kansas that didn't qualify for any write off, but I benefitted from writing off my student loan interest (and it was never $3k). S
by Mz 10y ago
I owned a 3 bedroom house in Kansas that didn't qualify for any write off, but I benefitted from writing off my student loan interest (and it was never $3k).
So, these numbers are not some one-size-fits-all situation. Trying to make policies that work equally well for a wide variety of situations is nigh impossible.
- wtvanhest 10y ago> I owned a 3 bedroom house in Kansas that didn't qualify for any write off Were you living in it? Why didn't it qualify for the write off?
- Mz 10y agoYes, I was living in it. It was in a small town in he midwest and interest rates were low. I wasn't paying enough interest to qualify for the tax write off. Big cities and small towns are fundamentally different real estate environments. Federal laws that aim to help some mythical "average American" usually fail to account for such things.