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Includes a tracker that displays progress through three stages: the IRS receives the tax return, then approves the refun and sends the refund. Mortgage Interest Deduction Limit and Income Phaseout Mortgage Interest Deduction Limit and Income Phaseout Posted by Financial Samurai Comments According to the IRS, the maximum mortgage amount you can claim interest on is 750on first or second homes if the loan was taken after Oct 1 1987.

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This Tax Calculator will estimate high level details of your Tax Return and any potential Tax Refun or Additional Taxes Owed.
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