Paying Off The Mortgage + Tax Deductions-The Facts

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According the @bankrate, 90% of Americans take the standard deduction at tax time.

So if you are one of those 90%, you are not saving anything extra on your taxes by not paying off your mortgage early.

I dive deep into this Mortgage Free Myth this week on my podcast and YouTube channel.

Follow @andyhillmkm for more tips and click my bio link for those full free resources.

Are you taking the standard deduction this year?

Did you take it last year?

#mortgagefree #mortgagefreecommunity #taxdeductions #mortgageinterestrates
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I wouldn't go for itemized deduction if it's less than my standard deduction. Beside 12400/- USD on standard deduction for single person is way better.

jasonfung
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Great vid! By the way where do stock n crypto capital gains n losses take play in doing taxes? (Are those considered itemized deductions)

syfodias-jedimaster
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Is standard deduction money we can get back when we file our taxes ?

tahkennorah
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So are you saying, it’s best to just pay off your home?

prettyrarejones