A tax deduction allowed for certain interest expenses, such as those on a home mortgage or a margin account.
Related information about interest deduction:
- Home mortgage interest deduction - Wikipedia, the free encyclopedia
A home mortgage interest deduction allows taxpayers who own their homes to reduce their taxable income by the amount of interest paid on the loan which is ...
- Mortgage-interest deduction could be on the table in 'fiscal cliff ...
1 day ago ... The outcome of that debate could have profound long-term effects on homeowners across the country — and particularly those in the ...
- Capping Mortgage Interest Deduction Could Have “Chilling Effect ...
1 day ago ... From the blog Daily Ticker: Mitt Romney may have lost the election, but his idea to cap deductions has won some support in Washington D.C., ...
- Homeowners' mortgage interest deduction could be trimmed - San ...
2 days ago ... Congress is looking for ways to raise revenue to deal with massive budget problems, and the popular homeowners' mortgage interest tax ...
- Interest Deduction Definition | Investopedia
A deduction for taxpayers who pay certain types of interest. Interest deductions reduce the amount of income subject to tax. The two main types of interest ...
- Student Loan Interest Deduction
You may be able to deduct up to $2,500 of the interest you paid on student loans on your federal individual income tax return. The deduction is not limited to ...
- Field Guide to Mortgage Interest Deduction | realtor.org
This field guide highlights basics, perceived pros and cons, IRS rules, and more to get you up-to-speed on this widely-debated tax deduction.
- Mortgage-interest deduction is on the table in 'fiscal cliff' debate ...
20 hours ago ... Changing the generations-old mortgage-interest deduction — which costs the government roughly $100 billion a year — has gone from far-off ...