Breaking It Down: How Does the Mortgage Interest Deduction Actually Work?

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Breaking It Down: How Does the Mortgage Interest Deduction Actually Work?

The mortgage interest deduction allows homeowners who itemize their taxes to reduce their taxable income by the amount of interest paid on their mortgage within a tax year, thereby potentially lowering their overall tax bill. This article delves into the intricacies of the mortgage interest deduction, including eligibility, limitations, and practical considerations.

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Navigating Tax Season as a DC Landlord

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Navigating Tax Season as a DC Landlord

As the calendar flips to a new year, it's not just resolutions and fresh starts that come knocking — it's tax season, too. And for landlords in Washington, D.C., it's crucial to get your ducks in a row to remain compliant with local regulations.

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