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Mortgage Interest Tax Deduction Note that the person who is living in the home may claim the tax deduction. The person who is living outside the home probably may also claim the deduction. Click here for a discussion of tax deductibility of payments made by a spouse who has moved out. Click here for a discussion of the tax treatment where the home is jointly owned. ) This calculator assumes that the mortgage interest is always deductible. (Click here for scenarios where the person paying the mortgage is not the person who lives in the home.)
Disclaimer: We are not giving legal advice. No warranties. We disclaim all legal liability. More...
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