qualified residence interest

Tax. Interest paid on debt that is secured by one’s home and that was incurred to purchase, build, improve, or refinance the home.

• This type of interest is deductible from adjusted gross income. [Cases: Internal Revenue 3282. C.J.S. Internal Revenue § 286.]

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词条贡献者

法律翻译Lester，毕业于英国一流的高级翻译学院，专注翻译各类与消费者与零售产品有关的法律文件。