|
Re: SERIOUS money question: NEED HELP!!!
Quote:
Originally Posted by TheMalcolmConnection
That brings me to another question. I can count the interest I pay on my house for my taxes. This is the first year I've been able to do that. That should give me a big fat return right?
|
It all depends on how much taxes and interest you paid. The government is not going to give you money back for taxes you haven't paid (except for those who qualify for earned income credit). If you pay $10K in interest alone on your house and your income was say 40K then uncle same will only charge you taxes on 30K worth of income (40K-10K=30K).
__________________
"The Redskins have always suffered from chronic organizational deformities under Snyder."
-Jenkins
|