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If you pay off your mortgage this year, you won't have any mortgage interest to deduct from your tax in the future. If your mortgage interest allows you to use itemized deductions now, having less itemized deductions or using the standard deduction may lead to a higher tax bill in the future.
If you pay off your mortgage this year, you won't have any mortgage interest to deduct from your tax in the future. If your mortgage interest allows you to use itemized deductions now, having less itemized deductions or using the standard deduction may lead to a higher tax bill in the future.
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