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  • May 10, 2009 at 2:03 PM #15644
    mike92104
    Participant

    Excuse my ignorance, but is the mortgage interest deduction for federal taxes essentially applied against what you would owe, or would you get all of it (interest paid) back?

    May 10, 2009 at 2:16 PM #396002
    eclipxe
    Participant

    You can deduct the interest paid from your overall income up to a certain percent. You don’t get all of the interest back, that would be silly.

    May 10, 2009 at 2:16 PM #396672
    eclipxe
    Participant

    You can deduct the interest paid from your overall income up to a certain percent. You don’t get all of the interest back, that would be silly.

    May 10, 2009 at 2:16 PM #396253
    eclipxe
    Participant

    You can deduct the interest paid from your overall income up to a certain percent. You don’t get all of the interest back, that would be silly.

    May 10, 2009 at 2:16 PM #396529
    eclipxe
    Participant

    You can deduct the interest paid from your overall income up to a certain percent. You don’t get all of the interest back, that would be silly.

    May 10, 2009 at 2:16 PM #396475
    eclipxe
    Participant

    You can deduct the interest paid from your overall income up to a certain percent. You don’t get all of the interest back, that would be silly.

    May 10, 2009 at 2:19 PM #396534
    Eugene
    Participant

    No, it basically reduces your taxable income by the amount you pay in interest and property taxes.

    May 10, 2009 at 2:19 PM #396677
    Eugene
    Participant

    No, it basically reduces your taxable income by the amount you pay in interest and property taxes.

    May 10, 2009 at 2:19 PM #396480
    Eugene
    Participant

    No, it basically reduces your taxable income by the amount you pay in interest and property taxes.

    May 10, 2009 at 2:19 PM #396258
    Eugene
    Participant

    No, it basically reduces your taxable income by the amount you pay in interest and property taxes.

    May 10, 2009 at 2:19 PM #396007
    Eugene
    Participant

    No, it basically reduces your taxable income by the amount you pay in interest and property taxes.

    May 10, 2009 at 10:41 PM #396497
    PadreBrian
    Participant

    [quote=Eugene]No, it basically reduces your taxable income by the amount you pay in interest and property taxes.[/quote]
    ^^^^^^^^^^

    May 10, 2009 at 10:41 PM #396917
    PadreBrian
    Participant

    [quote=Eugene]No, it basically reduces your taxable income by the amount you pay in interest and property taxes.[/quote]
    ^^^^^^^^^^

    May 10, 2009 at 10:41 PM #396245
    PadreBrian
    Participant

    [quote=Eugene]No, it basically reduces your taxable income by the amount you pay in interest and property taxes.[/quote]
    ^^^^^^^^^^

    May 10, 2009 at 10:41 PM #396775
    PadreBrian
    Participant

    [quote=Eugene]No, it basically reduces your taxable income by the amount you pay in interest and property taxes.[/quote]
    ^^^^^^^^^^

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