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.]

译者Rowland，毕业于世界顶级翻译学院，擅长翻译各种与商业地产买卖相关的法律文件。