dissentmemo
dissentmemo t1_jacrx3f wrote
Reply to comment by Accomplished-Can-912 in Do I save money on taxes by owning a home by Accomplished-Can-912
Just what werewolfdad says. You can get a benefit for having a mortgage, and specifically, mortgage interest, if you can itemize. Once the mortgage is paid off, you don't get a tax benefit anymore.
But then you aren't paying for a mortgage anymore either.
dissentmemo t1_jacm1l4 wrote
Reply to comment by Werewolfdad in Do I save money on taxes by owning a home by Accomplished-Can-912
Right, technically it's when you don't yet own the home that you're getting a tax benefit, if any.
dissentmemo t1_jef4wls wrote
Reply to comment by HomiesTrismegistus in Can someone help me figure out what credit card to get? Here's an explanation because I'm confused on what to do by [deleted]
Where did this myth come from? I see it all the time lately.
Pay them all off entirely every month or don't use them.