Tagged Questions

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When did the tax deduction on mortgage interest start?

This article brought up a good point on the mortgage interest tax deduction being only a partial refund of the actual mortgage interest. When did this deduction go on the books? …
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Can unallocated extra mortgage payments really just evaporate?

At closing on Thursday, the settlement attorney warned us to be sure to specify that any extra money we put toward our mortgage is to go toward principal, because if we don't, lend …
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Is it permissible to deduct interest from a second mortgage on Federal income taxes?

I know that there are avenues for deducting mortgage interest against US Federal income tax, but what about interest paid on a second mortgage? For comparison, I receive a 1098 fo …