- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Tax question ?
Posted on 7/12/09 at 9:05 pm
Posted on 7/12/09 at 9:05 pm
I am getting ready to close on a house. Do I get a credit on my taxes for the interest paid?
3
Posted on 7/12/09 at 9:39 pm to TortiousTiger
sorry on my mortgage
Posted on 7/12/09 at 9:42 pm to DieSmilen
its generally deductable from your taxable income. not a credit.
Posted on 7/12/09 at 9:53 pm to DieSmilen
yes itemized deduction on SCH A
Posted on 7/13/09 at 12:09 am to DieSmilen
quote:
Do I get a credit on my taxes for the interest paid?
I assume you mean accrued interest. The answer is that if you paid it you get to deduct it.
Posted on 7/13/09 at 3:03 pm to foshizzle
quote:
I assume you mean accrued interest. The answer is that if you paid it you get to deduct it.
RIGHT. However, it sucks that you are only going to be able to claim about 5 mos. instead of 12. It makes a big difference.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News