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Author Question: Larry and Ally are married and file a joint return. They are considering purchasing a personal ... (Read 131 times)

natalie2426

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Larry and Ally are married and file a joint return. They are considering purchasing a personal residence that will generate two deductions: $10,000 in home mortgage interest and $8,000 in real estate taxes. Their marginal tax rate is 25%. What is the total tax savings if Larry and Ally purchase the residence?


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Marked as best answer by natalie2426 on Sep 13, 2020

essyface1

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natalie2426

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Reply 2 on: Sep 13, 2020
Excellent


raili21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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