Tax deductions may help you decide whether to buy or rent

The Milwaukee Journal Sentinel | March 17, 2000| | Copyright

Apartments Plus

Tax deductions may help you decide whether to buy or rent

Does standard deduction exceed mortgage interest? If so, you may want to rent

Friday, March 17, 2000

In considering whether to rent or own a home, one must consider the standard deduction, the federal income-tax deduction available to taxpayers who do not itemize. Many renters take the standard deduction because they can't get the itemized deduction homeowners get for mortgage interest payments.

People who itemize, such as homeowners claiming mortgage interest, cannot also claim the standard deduction. You get one or the ...

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