IRS PUBLICATION 936
A document that gives information on reducing home mortgage interest. Released by the Internal Revenue Services (IRS), mortgage interest deductions are viewed as itemized deductions. It also elaborates what can be deducted as mortgage interest, explains how to claim the deduction, and outlines the limitations on the total amount that can be subtracted. Second mortgages, home equity loans, and lines of credit are some of the kinds of mortgages that can be considered for reduction.
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