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Community: Investing Wiki

Term Of The Hour

mortgage tax savings: Original post by Mark Kennan of Demand Media A mortgage can lower your taxable income. http://photos2.demandstudios.com/DM-Resize/photos.demandstudios.com/getty/article/165/83/86486321.jpg?w=700&h=700&keep_ratio=1 Thinkstock Images/Comstock/Getty Images For many people, taking out a mortgage results in an income tax deduction that lowers their tax liability. When budgeting for how much you…

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