Mortgage rates and tax deductions: How to get the most benefit when filling out your taxes
- Update Date:
- Post Date:
Elevated mortgage rates remain above 7%, putting the squeeze on potential US homebuyers who are already feeling inventory and price pressures. But is there a tax benefit that takes into account and deducts home mortgage interest? Yahoo Finance Reporter Rebecca Chen explains the concept of mortgage interest deductions that taxpayers can itemize as the housing market is compounded by higher rates and average home prices. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app […]