Arkansas Real Estate | Deaton Group Realty

Little Rock, North Little Rock, Maumelle, Bryant, Benton, Sherwood and surrounding areas

Little Rock AR Real Estate

Is the Mortgage Interest Deduction Worth It?


Ever wondered how much actual tax benefit you receive by owning a home?  The ability to deduct the interest paid on a mortgage can translate into significant savings at tax time. 


\n For example, a family who purchased a home with a $200,000, 30-year, fixed-rate mortgage could save nearly $3500 in federal taxes when they file their tax returns.  That is the equivalent of $300 a month back.   


By: on January 11th, 2011 Category: Uncategorized