Mortgage interest tax deduction. If the mortgage payer itemizes on the tax return this tax can be deducted from state and federal income taxes. Varies from state to state based on loan amount, property value, and property type.
MORTGAGE TAX
Mortgage interest tax deduction. If the mortgage payer itemizes on the tax return this tax can be deducted from state and federal income taxes. Varies from state to state based on loan amount, property value, and property type.