Use your mortgage statement to cut your tax bill

Use your mortgage statement to cut your tax bill

Assessment

Interactive Video

Life Skills, Business

University

Hard

Created by

Quizizz Content

FREE Resource

The video tutorial explains the importance of reading mortgage statements to save on taxes. It covers key components like principal, interest, and escrow, and how they affect tax deductions. The tutorial also guides viewers on calculating home equity to understand net worth growth. Finally, it encourages viewers to continue learning and subscribe for more content.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the maximum amount that can be deducted for property taxes when filing as a single filer?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain how to calculate equity in a home and its relevance.

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