C IL | IN555 - 1/17/2021 08:30
No I was referring to the individual standard deduction. Head of household gets 12,400 and a couple 18,640 that takes a good amount of itemized deductions to meet. So it would take a home loan higher than what most is worth at these low rates to surpass the standard deduction.
Your interest deduction follows the use of the money, not the collateral. Business use of proceeds equals business schedule deduction. |
Interest Rates Question
