Interest, real estate tax deductions assist owners - 2004-03-02
Boosted by the lowest mortgage interest rates in over 40 years, home sales and refinanced loans moved at a record pace last year. The bustling mortgage activity means more taxpayers must master the complex rules that help homeowners win big tax advantages.
"It's tax-favored in a number of different ways," said Bernard Kent, a personal financial services partner at Price- waterhouseCoopers.
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