how much mortgage interest can i deduct on my taxes

Answers

Answer 1

$375,000 can be deduct from home mortgage interest on the first $750,000 if married filing separately of indebtedness. But if we are deducting mortgage interest from indebtedness incurred before December 16, 2017, higher limitations ($500,000 if married filing separately) can be deduct.

In economy, Mortgage interest generally can be defined as the interest charged on a loan used to purchase a piece of property. Mortgage Interest can be calculated from a certain percentage of the full mortgage loan. Mortgage interest has several types, it can be  fixed or variable and is compounding. mortgage interest can be claimed by taxpayers up to a certain amount as a tax deduction.

Here you can learn about mortgage interest https://brainly.com/question/12345275

#SPJ4


Related Questions

What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives

Answers

Answer:b

Explanation:

what is the differences and similarities between rental goods services and non goods services

Answers

Answer and Explanation:

Rented-Goods Services are represented by retailom where consumers can own a good, or use a service for a specified time. As an example of this, we can mention hotel rooms, ski clothes, cars, houses, among others.

Nongoods Services are also represented by retail, but it presents personal services, where consumers can try them, judge them and then decide if they want to own them.



When your tire blows out in the middle of a drive, you should

Answers

You should tap the breaks repeatedly and pull over

get out of the car and change it

What would Jamie Lee's financial liability have been had she waited more than two days to report the debit/ATM card lost or stolen

Answers

Explanation:

If Jamie notifies the bank within 2 days of the lost card , her liability for unauthorized would be $50.

Jamie Lee's as the account holder is financially responsible for any form of transfers or withdrawals that has or will be made from their accounts and until He report the theft, he will be liable to all withdrawals.

What is a Checking Account:

A checking account is known to be a kind of bank account that is often used by people as a deposit account.

The usual amount deposited by them in this account is known to be used for paying bills and other form of purchases.

Base on the fact above, Jamie Lee's would be liable for his financial liability because she had waited for more than two days to report her debit/ATM card lost or stolen and as such any theft that happen within those two days on her account is her fault.

Learn more about  checking account from

https://brainly.com/question/24751568

The risk-reward relationship says:

Answers

im not understanding this question.. can you reword it?

Drag the tiles to the correct boxes to complete the pairs.
Match the different types of incomes to their sources.

Answers

Answer:

interest = the amount earned on bonds or savings accounts

capital gains = the profit earned from selling a financial asset

dividend = the amount of money paid to share holders of a company

Explanation:

A capital gain is a financial term that is most often captured on tax returns when money is made above the face value or declared value of an asset or property that is sold.

When an individual 'purchases' a bond or places money into a savings account, that money is held in an "interest" baring account or grows over time. Savings account: A percentage is paid for holding those funds in a savings account based on the amount held. The financial institution where the funds are held, pays the owner a fee for use of said money that it is held. Those funds are called "interest" and are collected by the owner of those funds. A bond is typically purchased at a reduced face value amount. If the bond is held for a stated amount of time, the bond value reaches maturity after that time. Those gains are called interest and are typically captured on a 1099i form for tax purposes.

A dividend is a profit paid to a stockholder or investor of a company/business entity. Typically those funds are paid when a threshold of profits are reached by that company/business entity. Typically a dividend is captured on a 1099d form for tax purposes.

Answer:

interest = the amount earned on bonds or savings accounts

capital gains = the profit earned from selling a financial asset

dividend = the amount of money paid to share holders of a company

Explanation:A capital gain is a financial term that is most often captured on tax returns when money is made above the face value or declared value of an asset or property that is sold.

When an individual 'purchases' a bond or places money into a savings account, that money is held in an "interest" baring account or grows over time. Savings account: A percentage is paid for holding those funds in a savings account based on the amount held. The financial institution where the funds are held, pays the owner a fee for use of said money that it is held. Those funds are called "interest" and are collected by the owner of those funds. A bond is typically purchased at a reduced face value amount. If the bond is held for a stated amount of time, the bond value reaches maturity after that time. Those gains are called interest and are typically captured on a 1099i form for tax purposes.

A dividend is a profit paid to a stockholder or investor of a company/business entity. Typically those funds are paid when a threshold of profits are reached by that company/business entity. Typically a dividend is captured on a 1099d form for tax purposes.

HELP ME PLEASEE!! ILL GIVE CROWN!!!
which of the following should credit be used for?
A. small things you want
B. large things you need and that you can repay over time.
C. money that you can never afford to repay.
D. purchasing things you want so you dont have to save.

Answers

Answer:

B

Explanation:

Credit should be used for large things that you can't afford at the moment but over time will be able to repay (like bills). You should never purchase things that are too expensive for you to repay (within a year.)

List the type of banking service each consumer would be most likely to use. Explain your answer.

a. A person planning to open a fitness center
b. A musical group
c. wealthy senior citizen
d. A buyer of a van
e. A high school recycling club

Answers

Think the answer is c but I’m not sure if it’s correct
Wealthy senior citizen

In what type of economy do individuals and firms determine what will be produced?
Mixed
Traditional
Market
Command

Answers

Answer:

market

Explanation:

I think it’s warket hope this helps

Why would My future job be a flight attendant

Answers

Answer:

if you like to travel and be on planes and get that bag then be a flight attendant :) do what you want to!

Explanation:

All of these statements apply to effective decision makers except:

A. They take risks based on intuition and gut feelings
B. They are flexible and resourceful
C. They rely on personal ‘scripts’ that help them manage how to act and react
D. They recognize that the same solution may not apply to similar situations

Answers

Except for A because that’s just what makes sense

An oligopoly is a market structure in which a large number of firms dominate the market. T or F

Answers

Answer: F

Explanation:

An oligopoly is a market structure in which a large number of firms dominate the market.

An oligopoly is a market structure in which a large number of firms dominate the market. FALSE.

A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in order to best serve clients?

build extra rooms for client treatment
keep the house clean and private
buy snack foods for the kitchen
have a large television

Answers

Answer:

keep the house clean and private.

Explanation:

I know someone who does exactly this. Also, by keeping certain parts of the house either exclusively or predominantly for business, he can write that square footage off in taxes.

Answer:

Its B

Explanation:

What careers are in the Information Support and Services career pathway of the IT career cluster? (15 points for you)

Question 1 options:

graphic artists, painters, artists


broadcasters, journalists, writers


help desk specialists, PC support specialists

Answers

I think it’s “help desk specialists, PC support specialists”

what's the answer? please help, it's overdue​

Answers

Answer: Honestly in my opinion that's a no

Explanation: because that's there imagine without them they wouldn't be able to get that image up and making profit therefore the player should get a cut of the profit that is made.

____ reading will increase your focus and concentration, help you understand the reading, and prepare you to study.

Answers

Answer:

Active.

Explanation:

Active reading can be defined as a process which typically involves an individual being focused on his or her study. It is aimed at acquiring knowledge and understanding of a particular subject or topic without distractions.

Hence, active reading will increase your focus and concentration, help you understand the reading, and prepare you to study.

Determining Liquid Assets and Current Liabilities. Based on these items, what is the total of the (a) liquid assets and (b) current liabilities?

Checking account balance $860

Retirement account balance $57,000

Credit card balance $117

Coin collection $450

Savings account balance $2,675

Current student loan payment due $220

Investment account balance $8,000

Mortgage $178,000

Answers

1. A
2. A
3. B
4. A
5. A
6. B
7. A
8. B
24,944 answers
(a) Liquid assets = Checking account balance + Savings account balance = $860 + $2,675 = $3,535

(b) Current liabilities = Credit card balance + Current student loan payment due = $117 + $220 = $337

Which of these is NOTa concern for consumers in times of inflation? a.They cannot anticipate the cost of goods and services. b.They lose money on their investments and savings. c.They are at a disadvantage when paying back borrowed money. d.They struggle when they are on a fixed income.

Answers

Answer:

c.They are at a disadvantage when paying back borrowed money.

Explanation:

In any economics of a country, inflation may be defined as the fall of the value of the money or currency of a country over a period of time. In inflation, the general price level increase and the value of money decreases.

Due to inflation, with each currency unit, less of goods or services can be bought. In inflation, the consumers are not concern about the disadvantage when they pay back the money that they borrowed because the value of the money decreases. Money decreases its value but the demand of goods and services increases in the economy.

{"name":"user.normal.authorize","uri":"http:\/\/legacy-api.us.market.zdn\/api\/{version}\/api_account\/deprecated_authorize","protocol":"legacy"},{"name":"user.fb.authorize","uri":"http:\/\/legacy-api.us.market.zdn\/api\/{version}\/api_account\/deprecated_authorize_fb","protocol":"legacy"},{"name":"user.fb.register","uri":"http:\/\/legacy-api.us.market.zdn\/api\/{version}\/api_account\/deprecated_register_fb","protocol":"legacy"},{"name":"user.fb.merge","uri":"http:\/\/legacy-

Answers

Answer:

what do you need help with?? we dont see anything

Explanation:

Answer:

?

Explanation:

brief explain difference between moa and aoa ?​

Answers

Answer:

The MOA (Memorandum of Association) describes the powers and objects of the company, the AOA (Article of Association) defines its rules and the AOA (Articles of Association) is subordinate to the memorandum.

​Lilliput's aggregate income in 2015 was ​$48,002,000,500. Suppose the population of Lilliput was 20,100,500 in 2015​, of which 16,086,000 people were employed. ​Therefore, Lilliput's income per capita in 2015 was ​$nothing. ​(Round your answer to two decimal places.​) Suppose the aggregate income of Lilliput was ​$6.5 billion in​ Q1:2016, ​$5.2 billion in​ Q2:2016, ​$5.4 billion in​ Q3:2016, and ​$5.9 billion in​ Q4:2016. Lilliput ▼ suffered didn't suffer from a recession in 2016. ​Lilliput's yearly unemployment rate for 2016 is likely to be ▼ greater thangreater than not significantly different fromnot significantly different from lesser thanlesser than the previous​ year's value.

Answers

Answer: See explanation

Explanation:

1. Lilliput's income per capita in 2015 will be calculated as:

= Income / Population

= $48,002,000,500 / 20,100,500

= $2388

2. Suppose the aggregate income of Lilliput was ​$6.5 billion in​ Q1:2016, ​$5.2 billion in​ Q2:2016, ​$5.4 billion in​ Q3:2016, and ​$5.9 billion in​ Q4:2016. We can say that Lilliput (suffered) from a recession in 2016. This is because there was a fall in the aggregate income from the first quarter which was $6.5 billion to $5.4 billion in the second quarter

3. Lilliput's yearly unemployment rate for 2016 is likely to be (greater than) the previous​ year's value.

The markets for prostitution in Nevada and New Jersey have two important differences: 1) prostitutes in New Jersey face higher costs because of government efforts to prosecute them and 2) customers in New Jersey face higher risks of contracting diseases from prostitutes because the illegal nature of the business makes reliable information about product quality much more costly to obtain. Given these facts, which state would you expect the price of prostitution services to be higher? Why? Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?

Answers

Answer:

Given these facts, which state would you expect the price of prostitution services to be higher? Why?

Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.

Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?

Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.

what percentage of CTE learners enroll in post secondary education?​

Answers

Answer:

10th-grade public school students in 2002 who were CTE concentrators in high school, 72 percent enrolled in postsecondary education by 2006, or two years after their expected year of high school graduation, and 84 percent enrolled by 2012, or eight years after their expected year of high school graduation.

Answer:

75% – Percentage of high school students concentrating in a CTE discipline who pursue post-secondary education 43% – Percentage of young workers holding a CTE-related license or certificate who earn more than those holding an associate degree

Explanation:

Sandia Inc. Wants to acquire a $360,000 computer-controlled printing press. If owned, the press would be depreciated on a straight-line basis over 10 years to a book salvage value of $0. The actual cash salvage value is expected to be $25,000 at the end of 10 years. If purchased, Sandia will incur annual maintenance expenses of $3,000. These expenses would not be incurred if the press is leased. If the press is purchased, Sandia could borrow the needed funds at an annual pre-tax interest rate of 10%. The lease rate would be $48,000 per year, payable at the beginning of each year. If Sandia has an after-tax cost of capital of 12% and a marginal tax rate of 40%, what is the net advantage to leasing? a.$65,543 b.$57,173 c.$37,737 d.$60,713

Answers

Answer:

c.$37,737

Explanation:

Present value of Cost of Buying = The Cost of Press + [(Post Tax annual maintenance expenses - Annual Depreciation Tax shield)*PVIFA (6%,10)] - [Post tax Salvage Value*PVIF (12%,10)]

PV of Cost of Buying = 360000 + (3000*(1-40%)-360000/10*40%)*7.360 - 25000*(1-40%) * 0.322

PV of Cost of Buying = $262,434

Present value of Cost of Leasing = Post tax Lease Payment at the Beginning *(1+PVIFA(6%,9))

PV of Cost of Leasing = $48000*(1-40%)*(1+6.802)

PV of Cost of Leasing = $224,697

Net advantage to leasing = PV of Cost of Buying - PV of Cost of Leasing

Net advantage to leasing = $262,434 - $224,697

Net advantage to leasing = $37,737

Which of these is NOT a concern for consumers in times of inflation?
a.They cannot anticipate the cost of goods and services.
b.They lose money on their investments and savings.
c.They are at a disadvantage when paying back borrowed money.
d.They struggle when they are on a fixed income.

Answers

Answer: D

Explanation:

HELP PLEASE!!!
what is the outcome when a person defaults on a home loan?
A. the person goes to jail.
B. the bank will make the person work a second job.
C.the bank will take the person's car.
D.the bank will foreclose on the home.

Answers

Answer:

D.the bank will foreclose on the home.

Explanation:

The bank may even sue and garnish wages and financial accounts. The bank may even serve a conversion of accetts.

Por que se dice que emprender suele ser una decisión muy difícil quien la toma sabe que esta renunciando a la estabilidad que otorga un salario

Answers

Answer:

porque se dice que quiero tomar el siguiente

Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.

Answers

Answer:

Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69

Explanation:

Per hour amount paid to Matt = $6.75

Total number of hours worked by Matt = 20.25

To find Gross pay, multiply hours worked and hourly rate of pay.

Therefore,

Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours [tex]=20.25(6.75)=\$136.6875[/tex] ≈ $136.69

equity shareholders are called what ​

Answers

Answer:

owners

Explanation:

Shareholders' equity represents the amount invested by the owners of a company in the business by either retaining earnings over time or by investing money in it. The shareholders' equity is a form of a company's net assets. Equity shareholders are also known as Equity Stockholders.

The equity shareholders of a company are called its owners.

Facts about the chip category obtained from AC Nielsen are?


syndicated data.



survey data.



questionnaire data.



primary data.



experimental data.

Answers

Answer:

Explanation:

Then what is the question

Other Questions
upgrading a class b office space to a class a space will cost $5,520. how much will the monthly rent need to be increased to recover the cost of the upgrade in 7 years? fill in the blank. ____ has the legal and ethical obligation to distribute your assets as you have directed and pay taxes according to the law If 12.5 g of Cu(NO3)2 6H2O is added to 500 mL of 1.00 M aqueous ammonia, what is the equilibrium molar concentration of Cu2+(aq)? Use the overall formation constant B4 in your calculation; B4 = 2.1 x 1013 what accounts for the huge diversity of the b cell receptors the immune system uses to fight antigens Small sacs that store and transport a variety of materials within cells are called:. A gas moxture of helium, nitrogen, argon, and oxgeen has a total pressure of 17.2pi. The partial pressure of halium is 2,9psL. The partial pressure of nitrogen is 10.7 pii. The partial pressure of argon is 2.7 psi. What is the partial pressure of exygen in the mixdure fin piab? Predict which element in each of the following pairs is more electronegative according to the general trends in the periodic table.Se or Bra. Seb. Br a material is required as the magnet for a magnetic soap holder. soap is mildly alkaline. list what you would judge to the design-limiting properties. Global warming emissions from electricity generation Each state in the United States has a unique profile of electricity generation types, and this characteristic is also true for cities within these states. Using the table of electricity generation sources below: a. Calculate in a table the global warming index for each city's electricity based on 1 kWh generated. b. Compare and discuss the global warming index for each city. Which city has the lowest global warming index? The u.s. federal ban on assault weapons expired in september 2004, which meant that after 10 years (since the ban was instituted in 1994) there were certain types of guns that could be manufactured legally again. a poll asked a random sample of 1,200 eligible voters (among other questions) whether they were satisfied with the fact that the law had expired. out of the 1200 voters, 142 said they were satisfited with the fact that the law had expired. ( meaning that 1200 - 142 = 1058 were not satisfied). (data were generated based on a poll conducted by nbc news/wall street journal poll).we would like to estimate p, the proportion of u.s. eligible voters who were satisfied with the expiration of the law, with a 95% confidence interval.problems with proportions, will generally give an x value, the number of individuals answering a certain way, and the n value, the total number of individuals in the sample.for this problem, n=1200, and x=142, the number satisfied.to have the calculator calculate the 95% confidence interval for p:choose: stat tests a: 1-propzintfor x: enter 142for n: enter 1200for c_level: enter .95 for a (95%) confidence interval.press: calculatebased on the output:how many of the 1,200 sampled voters were satisfied?answer = correctwhat is the sample proportion (pp^ )(note: p=xnp^=xn) of those who were satisfied?answer = correct (round to four decimal places)what is the upper limit of the 95% confidence interval for p? interpret this interval.answer = incorrect (round to four decimal places) The community health clinic you volunteer for aims to develop a strategy allowing the most vulnerable members of the community to have first access to the Flu vaccine. The clinic has collected data finding that the total number of people in their service area is 50,000, 27% of the community is over the age of 65 and immunocompromised, and 11% of the community under 65 is immunocompromised. While the clinic wishes to market to all members of the community, immunocompromised people over 65 are their current priority.2. Explain in a one well-written paragraph, how you will analyze the data in this scenario to arrive at the answer you will provide in number 2. In a heap the right item key can be less than the left item key. O True O False PP&E Assertions and Substantive Procedures. This question contains three items that are management assertions about property and equipment. Following them are several substantive procedures for obtaining evidence about management's assertions.Assertions:1. The entity has legal right to property and equipment acquired during the year.2. Recorded property and equipment represent assets that actually exist at the balance-sheet date.3. Net property and equipment are properly valued at the balance-sheet date.Substantive Procedures:a. Trace opening balances in the summary schedules to the prior-year audit documentation.b. Review the provision for depreciation expense and determine whether depreciable lives and methods used in the current year are consistent with those used in the prior year.c. Determine whether the responsibility for maintaining the property and equipment records is separated from the responsibility for custody of property and equipment.d. Examine deeds and title insurance certificates.e. Perform cutoff tests to verify that property and equipment additions are recorded in the proper period.f. Determine whether property and equipment are adequately insured.g. Physically examine all major property and equipment additions.Required:For each of the three assertions (1, 2, and 3), select the one best substantive audit procedure (a-g) for obtaining competent evidence. A procedure may be selected only once or not at all. Histoplasmosis is an infectious disease caused by inhaling spores of a fungus called Histoplasma capsulatum. The fungus seems to grow best in soils with high nitrogen content, especially those contaminated with bird manure or bat droppings___The evolution of the virulence of histoplasmosis is probably a result of: Determine the minimum force P needed to push the tube E up the incline. The force acts parallel to the plane, and the coefficients of static friction at the contacting surfaces are mu_A = 0.2, mu_B = 0.3, and mu_C = 0.4. The 100-kg roller and 40-kg tube each have a radius of 150 mm. How many wavelengths are present in the sound wave shown? 1 2 3 4. An enema introduces fluids into the rectum and also stimulates ______________ _____________ as well as evacuating the _____________ _______________ for diagnostic procedures, and irrigates the ______________. For Vet tech please answer ASAP a normal distribution has a mean of = 40 with = 8. if one score is randomly selected from this distribution, which is the probability that the score will be less than x = 34? given a customer initially purchased calluge, the probability that this customer purchases calluge on the second purchase is Of the following, which are true of nuclei that are to the left or right of the band of stability? Select all that apply: They are known as radioisotopes. They do not undergo nuclear decay. They are considered stable. They undergo nuclear decay.