Answer:
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Answer:
The more you invest and the earlier you start means your retirement savings will have that much more time and potential to grow, compound earnings may be the result of investing earlier and continuing to invest.
Explanation:
Answer:
C
Explanation:
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Answer:
Rent or Buy Housing and the U.S. Tax Code
The tax deductibility of the interest ___paid___ on a mortgage and the___costs__ incurred on your home create a tax shelter for the___taxpayer___ , which ___reduces___your taxable__income__ and tax liability.
The standard deduction for mortgage interest under the 2014 U.S. tax code is:
c. $6,300 for single individuals and $12,600 for married couples filing jointly
Explanation:
Currently, the IRS allows taxpayers to deduct home mortgage interest on the first $750,000 ($375,000 if they are married but filing separately) of their indebtedness. However, higher limitations ($1 million) or ($500,000, if married but filing separately) apply if the taxpayers are deducting mortgage interests from their indebtedness incurred before December, 2017.
Answer:
Explanation:
Had to use microsoft word in other to be able to arrange the solution properly. And i hope it helps you. Thank you