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Mortgage Interest Deduction: A tip for home buyers

April 8, 2021

Tax Day is officially one week from today! You may already have this season's tax work behind you, but here's a tip for the potential homebuyers of 2021.

Mortgage Interest Deductions are used as incentives to encourage people to make the biggest real estate purchase of their lives. With this deduction, taxpayers are able to reduce their taxable income by the amount paid in interest toward a mortgage for that year.

Considering the purchase of a home along the Emerald Coast?

Contact The King Team today and we can make the process go smoothly in a shorter amount of time.