Expert, localized Los Angeles answers provided by Heather Roy

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Taking Standard Deduction

  Dear Mrs. Lank, In my situation, mortgage interest, property taxes, and all other deductions such as charitable, do not add up to as much as the standard deduction, so naturally I opt for the latter
 
 

Good point, and one sometimes overlooked when people are considering the purchase of relatively modest-priced homes

 

 

    Edith
Originally published on January 8, 2005
 
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