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Author: brewer12345 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Question Re: Mortgage Interest Deduction Date: 2/9/2001 12:42 PM
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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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