This years taxes!

[polishmafia]

This will be my first year that I can claim mortgage interest. I don't know what to expect.

[Halon]

Originally Posted by polishmafia

This will be my first year that I can claim mortgage interest. I don't know what to expect.

I expect it will put a big smile on your face, like it does for me every year

[curt_gendron]

Originally Posted by polishmafia

This will be my first year that I can claim mortgage interest. I don't know what to expect.

You can do a rough guess. You probably know about what you owe on your house. Take that and times it by your interest rate and that will be close to what you paid in interest on your mortgage this year. If you haven't lived in your house for the whole year, you have to come up with a percentage. Then figure you'll get 25-33% of that money back. (depending on your tax bracket)

later,
Curt

[polishmafia]

Originally Posted by Halon

I expect it will put a big smile on your face, like it does for me every year

I hope so. Last year I got screwed because Goodyear wasn't taking out enough tax. So that was changed this year.

Originally Posted by curt_gendron

You can do a rough guess.

Ah ok. Thats a nice amount. I'd rather get the amount back before I estimated the 25-33% of the total