0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is private mortgage insurance tax deductible?
NO
Is tax on continuing a second mortgage deductible after filing for a first foreclosure?
Even if you have had a foreclosure, tax on a second mortgage or home equity loan is still deductible.
Is the interested paid on a back spousal support payment tax deductible?
Personal interest is not tax deductible
Is interest paid on the mortgage of your home tax deductible?
Well it depends on what kind of mortgage.
Is mortgage interest deductible on your taxes?
yes on your income tax
Can a credit card loan spent to purchase a home be tax deductible?
No. Money, borrowed or not, to purchase a home is not tax deductible...the interest on the mortgage secured to the property may be.
If you take out a home equity loan and pay mortgage recording tax is it deductible per IT-256?
If you were to take out a home equity loan and pay for the mortgage recording tax, it would be deductible and the IT-256 form must be used to claim it.
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.
What are the elements of a monthly mortgage payment?
Principal, interest, tax, and insurance
Where on your tax do you list medicaid?
Medicaid is not taxable nor deductible on a personal tax return unless you are a provider of care and receive payment for such services.
Are tax payments deductible?
Estimated Income tax payments are not deductible in figuring out what your taxable income is, that determines how much your actual income tax is. See, that's circular.
Is college tax deductible?
No, it is not tax deductible, but there are credits for education that are available. And the interest rate of college loans is tax deductible.
