Leave him alone for a while
No, you don't get all interest back in any mortgage in tax. The most you get is a deduction, that is a loering of your taxable income by that interest amount. (So if you are in the 20% tax bracket and have $100 of qualified mortgage interest, your tax is reduced by $20).
There is no interest There is no deadline to when the money has to be paid back <3
Simple interest means the interest is calculated one time on the total principal of the loan. Therefore, you would pay back $11,161.50 on this loan. However, simple interest loans are very uncommon; most loans in life have compound interest.
Option 3: not at all. If we're lucky, we'll get back half of the principle, but we will not get any interest, and will not even get back the full 700 billion.
Mortgage interest rates were around 1.2% in 1968. This was considered to be relatively high back then. However, the interest rate these days is around 4%.
Interest-yes.
Either your question is poorly worded, or one of us is deeply confused about how interest works. You normally don't get ANYTHING back on mortgage interest.
If they have moved on and shows no interest in you there is no way for you to get them back.
how is interest calculated on back taxes
No, you don't get all interest back in any mortgage in tax. The most you get is a deduction, that is a loering of your taxable income by that interest amount. (So if you are in the 20% tax bracket and have $100 of qualified mortgage interest, your tax is reduced by $20).
There is no interest There is no deadline to when the money has to be paid back <3
Its a loan! there is interest, so paying back on time will reduce the amount of interest you have to pay back, and it can add up, sometimes even a thousand dollars.
Simple interest means the interest is calculated one time on the total principal of the loan. Therefore, you would pay back $11,161.50 on this loan. However, simple interest loans are very uncommon; most loans in life have compound interest.
what if your done with current child support but still owe interest for back support.
Option 3: not at all. If we're lucky, we'll get back half of the principle, but we will not get any interest, and will not even get back the full 700 billion.
If you sold it, you buy it back. If you gifted it, you buy it back. If you had it taken away from you by the government you don't get it back.
he'll show interest in you