WebTax break 1: Mortgage interest. Homeowners with a mortgage that went into effect before Dec. 15, 2024, can deduct interest on loans up to $1 million. “However, for acquisition debt incurred ... WebSep 24, 2009 · Extending tax credit is NAR priority. NAR President Charles McMillan highlighted the key NAR legislative issues during his visit this week to the PAR Business Meetings in Harrisburg. McMillan said the association continues to push legislators to extend the first-time homebuyers tax credit beyond the November 30 deadline.
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