Monday, April 18, 2005

Uh....

explain this to me like I'm a six year old mmmkay? Because I'm just not getting it. Let's say we buy a condo...

*do we have to change what we claim on our tax paperwork at our employers?

*they keep throwing around the words "interest is deductible"... Does that mean I'll get paperwork from my lending institution around tax time to prove that we paid such and such amount in interest?

*how much of the interest paid will come back to us? we always get $$ back on our taxes, I average between 600-700 bucks back every year... how much more will we get back because we own?

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