Mortgage

People with high incomes benefit from MI deduction

As previously covered, an article in The Wall Street Journal claims more popular areas with relatively high income and property values frequently take advantage of the mortgage-interest tax deduction. 

The amount of people using the deduction varies from state to state, with Washington and Oregon heavily using it and Texas and Louisiana barely using the benefit, the article states.

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3d rendering of a row of luxury townhouses along a street

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