Most mortgage holders can deduct all the interest paid on the loan in filing income tax. The deduction applies to people with just one mortgage on a primary residence, as well as those with a combination of loans. Within certain limits set by the IRS, points paid up front on a mortgage are usually deductible in the year the house was purchased.

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Crowder Mortgage

Jim Crowder

1434 Spruce Street

STE 100

Boulder, CO 80302