RV Loan Interest Deduction yes or no?
Hello all, I did some research and even read the actual text of the new tax law. Maybe I missed it but I have been unable to find a concise answer....So....Does anyone know if: 1. IS Second hom...
Forum Discussion
Bumpyroad wrote:Copperhead wrote:
Not so sure that folks were concerned about the deduction in that way. Some just like any way to reduce their tax burden as they can. It really doesn't make a lot of sense to spend $1 just to save 25 cents in taxes. .
yep, I used to work with a couple of folks who also got their realty license and the usual statement was if you don't buy you miss the deduction. It never made sense to me to spend $1 to save 20 cents either.
bumpy
When you account for the standard deduction, getting 20c on the dollar is spectacularly good for anyone making less than $150k/yr.
