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I bet you if the commentator you’re responding to owns a home, they take the mortgage home tax deduction.
by BenFranklin100 3y ago
I bet you if the commentator you’re responding to owns a home, they take the mortgage home tax deduction.
- kolanos 3y agoCan't you only deduct the mortgage interest? Or are you referring to something else? The mortgage interest deduction turns out to not be very much in practice, in my experience, anyway.
- ghaff 3y agoIt used to be a bigger deal. Yes, housing prices (in some US geos) have gone up a lot but so have standard deductions and interest rates are still relatively low historically. Absent relatively large charitable donations, big mortgage interest payments, etc., itemizing doesn't make a lot of sense for many people.