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93195 t1_jactm2j wrote on February 28, 2023 at 2:53 PM

Reply to comment by Accomplished-Can-912 in Do I save money on taxes by owning a home by Accomplished-Can-912

Mortgage interest on the first $750K of the loan is deductible. So yes, if you borrowed $750K at 6%, yes, that and your other itemized deductions would save you money on taxes as compared to just taking the standard deduction.