4 ms·
Mortgage interest and property tax are tax-deductible, so if you're subtracting from after-tax income, it's more like $3-4k/month.
by murderfs 7y ago
Mortgage interest and property tax are tax-deductible, so if you're subtracting from after-tax income, it's more like $3-4k/month.
- sagarm 7y agoBecause of the SALT cap in the 2017 tax bill, property tax is effectively no longer deductible. The MID is also worth much less because of the higher standard deduction and the SALT cap.