MIRAS is alive and well in America

When we bought our house in England, the government abolished tax relief on mortage interest payments the same year. Fortunately, they've not cottoned on to that plot over here in America yet. I was going through our tax return tonight using Turbotax, and lets just say when I got to putting in the mortgage interest and tax payed on our house, the little refund number Turbotax had calculated got much bigger very quickly. I like mortgage interest tax relief. It's A Good Thing. Even once I'd declared Paula's income from the UNPS and my Google Adsense income, we still got a refund, due exclusively to us owning a house. Sweeeeeet.

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