Your home is likely your largest investment you’ll ever acquire.
Knowing exactly what you’re paying for it is mandatory.
Unfortunately, when people map out the life of their mortgage, they often fail to consider the tax benefits associated with the mortgage.
With tax return filing on the horizon, Credit Sesame took a look at three-home buyer scenarios to determine just how much they will receive in tax benefits over the life of their loan, and the total amount they’ll end up paying.
The calculation also considers the cutoff point of each filing status when the standard deduction becomes more than the itemized deduction.
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