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  • March 01
  • Posted By: Magda Abdo-Gomez
  • Posted In: Mortgages - Tax
  • Date: March 1, 2017
    • 0
    • 1589

Home Mortgage Interest Is Deductible Or Maybe Not

As a general rule individuals cannot take a deduction for personal interest payments. There are six exceptions to this general rule and the one homeowners are probably most familiar with is the deduction for home mortgage interest payments. Although the law does provide for the deduction of home mor...
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  • January 04
  • Posted By: Magda Abdo-Gomez
  • Posted In: Mortgages - Tax
  • Date: January 4, 2017
    • 0
    • 976

Beware Of Expiring Tax Provisions Mortgage Loan Forgiveness

The Joint Committee of Taxation’s report issued on January 8, 2016, listed 37 tax provisions expiring in 2016; one on March 31 and all the others on December 31. However, one of these (number 19) may have a great impact on individuals. It is a general rule of taxation that forgiveness of debt is t...
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Magda Abdo-Gomez

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Miami, FL 33185
Phone: 305-559-7478
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