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This year, Benjamin Hassell paid $20,000 of interest on a mortgage on his home (Benjamin borrowed $600,000 in 2015 to buy the residence and it is currently worth $1,000,000), $12,000 on a $150,000 home equity loan on his home, and $10,000 of interest on a mortgage on his vacation home (loan of $300,000; home purchased for $400,000 in 2016). How much interest expense can Benjamin deduct as an itemized deduction?
Journalists
Professionals who gather, write, and distribute news and other current information to the public.
Multimedia News Release
A digital press release format that incorporates various types of media, including videos, images, and links, to make the announcement more engaging and sharable.
First Lady
The wife of the president or head of state, often involved in social and charitable activities.
Let's Move
An initiative launched by former First Lady Michelle Obama aiming to reduce childhood obesity and encourage a healthy lifestyle through physical activity and nutrition.
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