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> That means a good chunk of the mortgage payments are in essence savings, rather than money you'll never see again like interest. Interest on the first $750K
by arcticbull 5y ago
> That means a good chunk of the mortgage payments are in essence savings, rather than money you'll never see again like interest.
Interest on the first $750K is tax deductible, so you will see up to half that money again :)
- brewdad 5y agoAssuming you itemize, which most taxpayers don't do anymore. 11.4% of taxpayers itemized in 2018* * https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-glance https://www.irs.gov/statistics/soi-tax-stats-tax-stats-at-a-...
- IkmoIkmo 5y agoTrue but that hasn't really changed compared to before.