Asked in Uncategorized
Are mortgage endowments tax deductible?
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Asked in Debt and Bankruptcy, Loans, Mortgages, Home Equity and Refinancing, Debt Collection, Foreclosure, Money Management
Is tax on continuing a second mortgage deductible after filing for a first foreclosure?
Is interest paid on the mortgage of your home tax deductible?
Asked in Personal Finance, Credit and Debit Cards, Loans, Home Equity and Refinancing, Taxes and Tax Preparation, Money Management, Credit
Can a credit card loan spent to purchase a home be tax deductible?
Asked in Personal Finance, Loans, Mortgages, Home Equity and Refinancing, Home Buying, Money Management
If you take out a home equity loan and pay mortgage recording tax is it deductible per IT-256?
Asked in Mortgages
Mortgage Tax Savings Calculator?
Mortgage Tax Savings Calculator Interest paid on a mortgage is tax deductible if you itemize on your tax return. So are points that are paid to lower your interest rate. Use this calculator to determine how much you could save in income taxes. Click on the "View Report" button to view the results in detail.
Asked in Insurance, Mortgage Insurance, Loans, Mortgages, Taxes and Tax Preparation, Income Taxes, Money Management
Are mortgage insurance premiums deductible on your taxes?
No they are not or the death benefit would be taxable. Since you said mortgage insurance I am assuming that you mean PMI or Private mortage insurance and not mortgage life insurance. Yes, mortgage insurance is tax deductible as of 2007. You can see the amount of PMI paid for the year on the final escrow statement that your mortgage lender sends you in December or January.
Asked in IRA Plans
What can you tell me about a Roth IRA tax deductible?
Asked in Credit and Debit Cards, Loans, Mortgages, Home Equity and Refinancing, Debt Consolidation, Money Management
Why are home mortgages usually a wise form of debt for consumers?
Where can I make a tax deductible car donation?
Asked in Mortgages
Is reverse mortgage taxable?
lots of info on my site on this one, but in short the money you get from the reverse mortgage is not subject to income tax because it is borrowed money, not earned money. this is similar to a home equity line of credit taken out against a home, no income tax is paid on the loan. On the flip side, the interest you pay on a mortgage is tax deductible in the year you pay the interest, not necessarily in the year it accrues. Because a reverse mortgage does not require mortgage payments, you typically will not have a mortgage interest deduction on your income taxes. However, if you need a deduction on a particular year you can pay interest payments whenever you want, thus receiving a 1098 interest statement making that money tax deductible.
Is federal tax on gasoline deductible on a 2008 federal tax return?
Are private school fees tax deductible in Australia?
Asked in Taxes and Tax Preparation
Is the interested paid on a back spousal support payment tax deductible?