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Massey89 t1_itc24g5 wrote

Reply to comment by SportySaturn in Many countries have a "hidden welfare state" for incumbent homeowners, as governments subsidize homeowners through the tax system. The homeownership welfare state is strongest in the US and other Anglophone countries, but weakest in the Scandinavian countries. by smurfyjenkins

wait you can write off your mortgage interest from your bank on taxes?!

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is there a cap? wife and i are starting to read up on how to buy a house and everything

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SportySaturn t1_itc4peb wrote

Yep, sure can. Google home mortgage interest deduction. Yes, there is a cap. If you have to ask, you're unlikely to hit it.

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