InvestorWords.com

mortgage interest deduction 

A federal tax deduction granted for interest paid on a mortgage used to buy, build, or renovate a residence. The deduction is intended to encourage renters to become homeowners, under the belief that home ownership encourages upstanding citizenship and reduces crime.

This content can be found on the following page:

Copyright©1997-2008 by InvestorWords.com. ALL RIGHTS RESERVED.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback@investorguide.com

Copy and paste this HTML in your website to link to this page    <a href="http://www.investorwords.com/3134/mortgage_interest_deduction.html">mortgage interest deduction</a>