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    What is a Certified Public Accountant or CPA?
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    Looking for a tax shelter, literally? Purchasing a home is probably the single best way to cut your yearly tax burden. For many consumers, purchasing a home opens the door to the world of the itemized deduction. When consumers purchase a home, the mortgage interest deduction and real estate tax deduction puts them above the standard yearly deduction allocated by the IRS, allowing them to deduct other expenses such as cash donations to your church, clothes you donated to charity, state and local income taxes
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    arly tax burden. For many consumers, purchasing a home opens the door to the world of the itemized deduction. When consumers purchase a home, the mortgage interest deduction and real estate tax deduction puts them above the standard yearly deduction allocated by the IRS, allowing them to deduct other expenses such as cash donations to your church, clothes you donated to charity, state and local income taxe
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    uction. When consumers purchase a home, the mortgage interest deduction and real estate tax deduction puts them above the standard yearly deduction allocated by the IRS, allowing them to deduct other expenses such as cash donations to your church, clothes you donated to charity, state and local income taxe
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    puts them above the standard yearly deduction allocated by the IRS, allowing them to deduct other expenses such as cash donations to your church, clothes you donated to charity, state and local income taxe
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    nses such as cash donations to your church, clothes you donated to charity, state and local income taxes, even tax preparation fees.

    In fact, the home mortgage deduction is on the rise, from about $20 billion in 1981 to $38.8 billion in 2002 to nearly $70 billion in 2003, according to estimates from the Joint Committee on Taxation.

    Law professor Deborah Geier shows the home-mortgage deduction is the third-largest single "tax expenditure" behind the deductions companies take for contributions to pens

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