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Updated about 8 years ago on . Most recent reply
more payments in calendar year
hello folks ,
i recently purchased a primary residence home
and my first mortgage payment was in November 2016
i know that you can only make 12 (13) payments per calendar year and deduct only the interest paid during these 12 months in your tax return
now in my case i want to get more tax refund , shall i make more payments in 2016 so i can pay more interest and deduct that extra amount ? or i can only deduct interest for 2 payments in 2016?
thank u