Talk of The Villages Florida - View Single Post - Bond and/or Bond Interest Deductiblitiy
Thread: Bond and/or Bond Interest Deductiblitiy
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Old 11-02-2016, 10:28 PM
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Kelsie52 Kelsie52 is offline
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Quote:
Originally Posted by TOTV Newbie View Post
Is the bond or the interest on the bond federally tax deductible?

What is the interest rate y'all are paying on the bond?

Do you prefer to pay the bond off over 30 years or just bite the bullet all at once?
Bond interest not deductible
Bond interest differs according to area I have seen from 5 to 7.5 %

Paying off bond depends on your situation IMHO if you will stay in your home and do not intend to move and you can afford it ---pay it off .... if not pay yearly -it is included in your tax bill..

Good luck
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