The Question
How can I guesstimate how much mortgage interest I will get back?
The Answer
You are going to receive an official end of year statement probably in two weeks or less. However, you can go to your November statement (if you didn't get a December statement yet), and look at your principal paid and then the interest paid (year to date). It may be on the back of your statement...and then of course, you can always call to get a verbal account.
Great question Joyce...Thanks
Based on some limitations, not all interest will be 100% deductable. Please check with your tax professional for a full answer to your tax scenario.
Subscribe to:
Post Comments (Atom)
Awesome! Thanks.
ReplyDeleteDealing with the IRS, and taxes in general, can be very tricky.
ReplyDeleteI know I have had many times where I could have saved some money if I knew what I was doing. I decided to try and save some money next time and got professional irs tax help. I made the right decision. With the help of professionals, I negotiated a compromise with the IRS and ended up paying less money.
-Jeff
Thank you for your comment Jeff
ReplyDelete