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Financial Planning / Tax Strategies


Subject:  Re: Question Re: Mortgage Interest Deduction Date:  2/9/2001  12:42 PM
Author:  brewer12345 Number:  46045 of 124818

You are correct, your taxes will decrease by your total interest paid times your tax rate. Assuming you aren't affected by AMT, your property taxes should be deductible as well.

I would just have the real estate taxes included in the monthly payment just so you don't have to worry about. You might also want to do some tax planning to see if you can get away with having less withheld from your paycheck.
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