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Q: please define "mortgage interest"

Category: glossary , Asked by: D. H. From United States

A: The interest charged on a loan used to purchase a residence. Mortgage interest is charged for both primary and secondary loans, home equity loans, lines of credit, and as long as the residence is used to secure the loan. Mortgage interest is deductible on form 1040. Mortgage interest is one of the major itemized deductions personal taxpayers can have. Only the mortgage interest on the first $1 million (aggregated) of a first or second home purchase can be deducted on the Schedule A. Mortgage interest on rental or investment properties can be deducted on Schedule E. Visit EToro USA

  1. Q: do you know what "household expenses" is?

    Category: glossary , Asked by: V. N. From Ireland

    A: a "household expenses " is A per person breakdown of general living expenses. It includes the amount paid for lodging, food consumed within the home, utilities paid and other expenses. The sum of all the expenses is then divided by the number of family members residing in the house in order to find each member's part of the total expense. If you have "head of household" status, you can enjoy a larger standard deduction and lower tax rates.

  2. Q: Is there an online forex platform with high leverage that you can advice me of

    Category: money , Asked by: K. Witt from Gilbert, United States

    A: "etoro.com" is exactly the forex site for you if you need a foreign exchange web trading software that has a real high leverage. In "etoro.com" it is up to 400:1! So if you think you know what you're doing, this one can be a great way to make big transactions. The minimum deposit to get started with is $50 there's no charge for commission in this one.

  3. Q: How do I know which certifications and regulation are reliable?

    Category: technical , Asked by: G. L. From Ireland

    A: Try and look for a forex platform that's licensed by famous institutions, like NFA. Whenever a platform is regulated and certificated by NFA, you can be sure that this is certainly part of the group of the more protected forex platforms around. One of our most recommended forex platforms as an example is "FOREX.com".

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