WHAT % OF YOUR INTEREST DO YOU GET BACK IN TAXES? - Mortgagefit

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Posted on: 29th May, 2011 10:54 am

IF YOU PAY 100 $ in interest on your house, what % do get back in reduced taxes?

Total Reply : 2

Hi Guest!

Welcome to forums!

You need to contact a CPA and he will better guide you in this matter.

Sussane

Posted on: 29th May, 2011 08:19 pm

Mortgage interest is tax deductible.

How much you get back is dependent upon your taxable income and what tax bracket you are in.

Posted on: 31st May, 2011 01:46 pm

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