Wednesday, February 16, 2011

Home mortgage interest deduction

President Woodrow Wilson signed the United States Revenue Act of 1913 into law on October 3, 1913. The act imposed the first federal income tax following the ratification of the Sixteenth Amendment. This act also included provisions for the home mortgage interest deduction on federal income tax. The home mortgage interest deduction is one of the biggest financial advantages to home ownership.
More Real Estate

No comments:

Post a Comment