Property Tax Deductions

Taxes and Second Homes: Will Buying a Second Home Help Lower My Income Taxes?

By Candy Evans | April 19, 2011 |

God, I wish I could say yes, but more likely, just maybe. Or how about, fat chance? I checked with my wonderful CPA firm, Judd, Thomas Smith & Company, who says you may still deduct mortgage interest on a second home and also property taxes but watch it: that alternative minimum tax, a complicated Congressional…

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