IRS Agrees to Allow Unmarried Couples a Full Deduction for Mortgage Interest
For decades, lawmakers have complained about the“marriage penalty”, which refers to the areas within the Internal Revenue Code (IRC) that tend to favor unmarried couples who cohabitate over those who are married. The marriage penalty just became a lot bigger with the IRS’s agreement to allow a full deduction on mortgage interest for unmarried individuals who are co-owners of […]
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