Homeowner Alert! Review Your Tax Forms!

Mar 24, 2022  -  Unifirst Financial & Tax Consultants  -  News & Updates

New rules for deducting mortgage interest are causing confusion and adding additional documentation. It's more important than ever to understand the numbers on your tax forms.

Home-related tax rules changing over the past few years have caught some taxpayers by surprise. When your mortgage company reports tax-related information to you and the IRS using Form 1098, it no longer means all the interest and points reported on these statements are tax deductible. 

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