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A Double Dip for 2008 Taxes

Home owners who do not have enough deductions to itemize may take up to $500 if single, $1000 if married filing joint, as a deduction on their taxes for the 2008 return. Not a huge break, but the couple in the 25% bracket who can’t itemize will see a $250 larger tax refund (or smaller amount due. One of the recent bits of legislation that impacts the 2008 return.

Joe

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