debt: Shifting Debt to Deductible - 04/24/13 08:04 AM
Shifting Debt to Tax Deductible - 4/24/2013 
The Mortgage Interest Deduction is available to homeowners for up to $1,000,000 of acquisition debt on the combination of their first and second home.  They can also deduct interest on up to an additional $100,000 of Home Equity debt.
While Acquisition Debt is used to buy, build or improve a principal residence, the Home Equity Debt can be used for any purpose.  It can be used for educational or medical expenses, to purchase a personal car or boat, consolidate debts or pay off credit cards.
A homeowner with $15,000 of credit card debt at 19% and … (0 comments)

 
Brint Wahlberg, The Wahlberg Team (Windermere Real Estate)

Brint Wahlberg

The Wahlberg Team

Missoula, MT

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Windermere Real Estate

Address: 2800 S. Reserve Street, Missoula, MT, 59801

Office: (406) 541-6550

Mobile: (406) 529-4663

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