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Business, 09.06.2021 17:40 gabbys2002

Tax Savings. John and Cheryl just borrowed $30,000 on a home equity line of credit. The interest rate for the loan is 6.75% for the entire year, and they took out the loan on May 1. John and Cheryl are in the 28% tax bracket. What will be their tax savings for the first year ending December 31st

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Tax Savings. John and Cheryl just borrowed $30,000 on a home equity line of credit. The interest rat...
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