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What are the tax savings as a result of the? payment

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Question: This month you made a mortgage payment of ?$980?, of which ?$882 was an interest payment and ?$98 is a payment of the loan principal. You are in the 32?% marginal tax bracket and you will itemize instead of taking the standard deduction. What are the tax savings as a result of this? payment?

Reference no: EM132752266

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