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Old 05-21-2008, 10:24 PM
gonzy gonzy is offline
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Default Re: Bond?
The bond is not tax deductable for federal income taxes. If you have a mortgage on your home you can make it deductable and probably get a better interest rate by taking out a home equity loan and paying off the bond, if you do that the interest on the home equity loan is deductable. The IRS gave a specific ruling to AARP when we were doing income taxes in TV indicating that the bond is not deductable.
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