|
|
Mortgage interest deduction |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Mortgage interest deductionIn the US, an allowable federal tax deduction for the annual interest paid on a mortgage.Mortgage interest deductionA federal tax deduction for interest paid on a mortgage used to acquire, construct, or improve a residence.Mortgage interest deduction Similar MatchesItemized deductionItemized deductionSpecific deductions allowed by the IRS outlined in the tax return. Tax deductionTax deductionAn expense that a taxpayer is allowed to deduct from taxable income. Marital deductionMarital deductionA tax deduction that allow spouses to transfer unlimited amounts of property to one another. Interest deductionInterest deductionAn interest expense, such as interest on a margin account, that is allowed as a deduction for tax purposes. Standard deductionStandard deductionThe IRS-specified amount by which a taxpayer is entitled to reduce income an alternative to itemizing deductions. Further Suggestionscertificate of deduction of taxDeduction Unlimited marital deduction Dividends received deduction Tax deduction deduction |
|
|
|