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In the United States taxpayers are allowed to deduct mortgage interest from their incomes before calculating the amount of income tax they are required to pay In 2008 the Internal Revenue Service

In the United States, taxpayers are allowed
to deduct mortgage interest from their incomes
before calculating the amount of income tax they
are required to pay. In 2008, the Internal Revenue
Service sampled 500 tax returns that had a mortgage
interest deduction.
Source: Adapted from Statistical Abstract of the United States, 2012,
Table 489.

Jun 22 2020 View more View Less

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