What can you deduct on your mortgage interest?

Happy New Year! I haven't posted earlier in 2009 because it's been really busy. Rates are the lowest they've been in 45 years and buyers in DC are responding. I have a client who locked into a loan last week for 4.8%!

But on to the topic of the day. In The Washington Post's real estate section (I really love reading the Post..it's very informative), Benny Kass wrote a great article on what you can deduct on your mortgage interest. I just emailed it to my buyers from 2007. He explains what you're going to receive in the mail from your lender, where you put it on your tax return, the limits, etc. Here's the link:
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/09/AR2009010901919_3.html.

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