mortgage interest: Boost Your 2010 Tax Deductions By Making Your January Mortgage Payment A Little Bit Early
- 12/08/10 01:01 AM
Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early. It’s a simple strategy that works because of how mortgage interest works. Unlike rent which is paid in advance at the start of a month, mortgage interest is only paid after it’s been borrowed. Your January mortgage payment, therefore, accounts for the interest that accrued in December. And for a lot of Bangor homeowners, that mortgage interest is tax-deductible. By making January’s mortgage payment in December, eligible homeowners can apply the interest paid to 2010′s tax returns instead of waiting to claim the same … (1 comments)
Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early.
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