Quote:
Originally Posted by RichinRidgewood
Dont forget to declare this purchase on your taxes as Im sure all of us will do because we abide by the law and we all love the way New Jersey taxes every goddamn thing it can possibly tax at rates that make the the rest of the citizens of the US roll their eyes back into their heads and gasp for breath.
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Wish we could!
Fortunately/unfortunately the standard deduction for married couples filing jointly is $24,000 so I’d have to come up with $23,000 in other deductions to be able to claim it.
With mortgage rates dropping, less of your payment is going to interest, which gives you buying power, great, but less of your payment is deductible.
Now what was that about spending $1000 to save $500…
We can’t win for losing
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