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Mortgage interest deduction

A federal tax Deduction granted for Interest paid on a Mortgage used to Buy, build, or renovate a residence. The Deduction is intended to encourage renters to become homeowners, under the belief that home ownership encourages upstanding citizenship and reduces crime.

Related Terms: 11 Buy, Deduction, Fed, Interest, Mortgage, Own, Paid, Rent, Tax, Tax deduction, VAT
Other Related Pages: Category: Taxes Starting With: M
Semi Related Terms: 478 CLICK HERE TO VIEW
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