No one buys a home just for the tax deduction…


In the United States one of the “benefits” of buying a home is the mortgage interest tax deduction…..at least that is what buyers are often sold on. To obtain this benefit on your personal taxes you have to itemize and most years only about a third of us as taxpayers do. Higher income brackets can certainly benefit more than lower ones in regards to the MID. Inman News has a great article and comments about it here.

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