[ridesthemiles]

The most I ever made in one calendar year was just over $62,000 GROSS.

I benefited every year from the mortgage deduction, and would still be doing so-—if I earned enough money to qualify to even file a return—and if I didn’t already OWN my house, free & clear. I gave up a log house on acreage which I loved to have the funds to buy free & clear in a smaller house on similar acreage in a more rural area. I miss that log house, tho. IF I ever have real money again, I will look to buy/build another log house on even larger acreage.

[abb]

You “own” a house? Says what? That piece of paper on file down at the county clerk’s office?

If they can expropriate 401k’s or IRA’s, they can disappear that deed on file that is “proof” of your ownership.

[trebb]

The most I ever made in one calendar year was just over $62,000 GROSS. I benefited every year from the mortgage deduction, and would still be doing so-—if I earned enough money to qualify to even file a return—and if I didn’t already OWN my house, free & clear.

Just curious - how much did you buy the house for to benefit from the mortgage deductions? Were there other big expenses that allowed you to itemize vs. taking the standard deduction? T he standard deduction was always the best way to go for me (except for the year I had $20K uncovered medical expenses), so the mortgage deduction never applied.