MikeG60
Returning Member

Deductions & credits

Thanks - that would bring the average significantly down to about $1m (18k/.025+ 4k/.035 + 6k/.0325) so can recognize approx 75% of the interest (750k/1m) which is $21k (28k*.75). If I add 10k re tax I am back to not understanding why the itemized of 31k is not better.