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Posts Tagged ‘Mortgage Tax’

 

Can you apply all of your mortgage interest as a tax deduction if you refinanced more than the original loan?

Saturday, July 25th, 2009
KQ asked:


The cash out was not used for home improvement, but I am not subject to the AMT.

Does the rule that you can only apply the cash out interest used for home improvement only apply in AMT circumstances?

Ronnie

 

Is it better to refinance a mortgage for a tax deduction or continue with my 15 year mortgage?

Saturday, August 2nd, 2008
Refinance
Cajun asked:

I have 10 1/2 years left on a 15. Single, retired and no dependents.Pension(60,000) Does it make sense to refinance?

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