04
Oct

End of Year Morgage Tip

Archived in the category: Common Cents

The end of the year is approaching quickly – ready to save some money?

Pay your January mortgage bill in December to take the interest and property tax deductions in the current tax year.

You could save about $500 on taxes, and lowering your taxable income may even qualify you for child tax credits, Roth IRA contributions, or other benefits that phase out at higher incomes.

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