Interest deduction on main home
Ok...I paid $14,500 interest in 2019 on our main home (outstanding loan of about $375K). It lowered my tax liability by $132!!! Is that possible? I must be doing something wrong...what's up?
Ok...I paid $14,500 interest in 2019 on our main home (outstanding loan of about $375K). It lowered my tax liability by $132!!! Is that possible? I must be doing something wrong...what's up?
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