HOW TO CALCULATE THE AFTER-TAX COST OF YOUR MORTGAGE 

By Kevin Brierton Team | January 15, 2024
A calculator and some pencils on top of papers.

Kevin Brierton – 1.15.2024 YOUR COST OF BORROWING MAY BE LOWER THAN YOU THINK Homeowners who itemize tax deductions can deduct the interest on up to $750,000 of mortgage balances used to buy, build, or improve a qualified home. Here’s how to figure out the impact of that tax deduction: WHAT IS YOUR MARGINAL TAX…

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WHEN IS MORTGAGE INTEREST TAX DEDUCTIBLE? 

By Kevin Brierton Team | January 12, 2024
A stack of coins with the words, " is mortgage interest tax deductible ?" on top.

Kevin Brierton – 1.12.2024 CONTRARY TO POPULAR BELIEF, MORTGAGE INTEREST IS NOT ALWAYS TAX-DEDUCTIBLE. HERE’S THE INSIDE SCOOP. DO YOU ITEMIZE YOUR TAX DEDUCTIONS? You cannot take the mortgage interest deduction if you are taking the standard deduction. For 2024 tax returns, the standard deduction is $14,600 for single taxpayers, $21,900 for heads of household,…

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