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Friday, January 07, 2011

Home Mortgage Interest For Married Taxpayers

If taxpayers are married and file a joint return, their qualified home(s) can be owned either jointly or by only one spouse.

For marrieds filing separately, where the spouses own more than one home, each can take into account only one home as a qualified home.  However, if both consent in writing, then one spouse can take both the main home and a second home into account.

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