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Kyle Said:

How much of a tax deduction would we get back on our home mortgage?

We Answered:

Do you itemize your taxes? If you do then you will get about $6500 in the first year back.

There is a confusion when it comes to this, you don't get $6500 back you get a credit of $6500, meaning you would not pay your taxes on that. So it would only 1000-1800. It really depends on the tax bracket you are in.

Shannon Said:

Tax deduction for landlords with income more than $150K?

We Answered:

no same with me
i get tax deductions still and i make 200K