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Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) |
catmandu57 (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:02 AM Original message |
Could someone please explain the mortage interest deduction |
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BlueEyedSon (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:06 AM Response to Original message |
1. Someone here may answer, but google and/or use the IRS site for |
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Midlodemocrat (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:06 AM Response to Original message |
2. It isn't refunded to you. |
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OKNancy (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:07 AM Response to Reply #2 |
3. What she said |
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dmkinsey (789 posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:09 AM Response to Original message |
4. I'll try a brief explanation |
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bigscott (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:11 AM Response to Reply #4 |
7. and the interest |
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skids (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:09 AM Response to Original message |
5. It's about the standard deductions and AMT |
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catmandu57 (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:10 AM Response to Original message |
6. Okay, thank you |
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gratuitous (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:13 AM Response to Reply #6 |
11. Check your itemized deductions first, just to be sure |
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Egalitariat (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:11 AM Response to Original message |
8. A couple of things |
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jody (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:12 AM Response to Original message |
9. Applies only if you have deductions that exceed your standard deductions. |
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mtnsnake (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:13 AM Response to Original message |
10. Your mortgage interest is one of you major deductions but it doesn't |
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mattclearing (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:14 AM Response to Original message |
12. No, it is deducted from your taxable income.n/t |
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Rainscents (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:17 AM Response to Original message |
13. Your stander deduction is including you, your spouse, children's |
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drbtg1 (932 posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:22 AM Response to Original message |
14. You need to look at Schedule A |
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Gunit_Sangh (424 posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:24 AM Response to Original message |
15. I'll take a shot also |
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MindPilot (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:26 AM Response to Original message |
16. I strongly recommend getting some tax software like Turbo-tax |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:39 AM Response to Reply #16 |
17. I strongly second MindPilot's suggestion. |
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Silverhair (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:43 AM Response to Reply #16 |
18. Great suggestion. |
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newportdadde (1000+ posts) Send PM | Profile | Ignore | Thu Jan-19-06 11:43 AM Response to Original message |
19. Get yourself a nice TurboTax program. |
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DU AdBot (1000+ posts) | Thu May 02nd 2024, 05:40 PM Response to Original message |
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