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Submitted 324 days ago...

gheitlauf

gheitlauf

New User (1)

Home loan

Is the interest from a home loan tax deductable? And if so do you usually get the money back?

 
 
 
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Submitted 324 days ago...

sidelko

sidelko

Brain (3,031)

I believe it is deductible, but it isn't money you get back. It will go down as a credit as something you can deduct in your taxes for the year, that will influence the amount you owe or get back from the IRS.

 
 

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