Thursday, April 21, 2016

Homeownership Tax Benefits Totaled More Than $100 Billion in 2014

Homeowners saw their tax bills trimmed by more than $100 billion in 2014 according to estimates by the Joint Committee on Taxation (JCT) and NAHB analysis.  The mortgage interest deduction (MID) alone accounted for $72.4 billion in tax savings, while the real estate tax deduction (RETX) saved homeowners an additional $30.2 billion.  Rounding out the group of tax advantages is... Read More ›...(read more)
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