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Government Doubles Mortgage Tax Break
The government just doubled the home loan interest deduction for first-time buyers, letting you deduct up to $30 million in mortgage interest—effectively sharing the cost of your home. Part of a wider push to boost homeownership, the plan also aims to clear thousands of pending land title applications within four years. The President framed it as a partnership: every dollar you pay in mortgage interest comes back to you via tax relief, boosting your spending power. A comprehensive housing strategy is coming soon, targeting vulnerable groups like single parents and people with disabilities…
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