We just got back our taxes. We did get the $3000.00 back (3600 total) but they specifically told me that it was a good thing I had paid MORE mortgage interest this year, because last year I would not have qualified for the rebate. ALSO, the $3000.00 rebate lowered my $1000.00 deduction for my daughter by about a hundred bucks. I haven't really figured that one out yet...

Another helpful hint was the fact that when we bought the FEH, they recommended using a heloc for the purchase, which would make the interest on the FEH loan both tax deductable and it would go towards the minimum deductions needed to itemize.

I'm not a tax guy, but I think I might have found a pretty good one...


08FEH