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Salvation Army Valuation Guide
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Below is a list of some confusing and overlooked tax issues we have encountered. We hope this information including our comments provide some clarity. Each item is a link that you can click. Qualified Home Mortgage Interest
529 Plan Contribution Deduction for PA Residents.Beginning in 2006, contributions to a 529 Plan are deductible for PA residents!!!! Generally, each PA taxpayer can deduct up to $12,000 of contributions to a 529 plan. If you made contributions to a 529 Plan, please download, complete and return to us, our PA 529 worksheet. When you open this file, please use your browsers back button to return to the website. Qualified Home Mortgage Interest.We think this is one of the most misunderstood areas of the tax code. There are limits on the total amount of mortgage interest deductions and the total amount interest deductible from home equity loans. If you refinanced, a mortgage that was used to acquire or improve your home, there are limits on the deductible interest. Click this link for more information, Home Mortgage Interest.
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