IN.gov | The Official Website of the State of Indiana
So what it does is it allows you to receive up to between 20 and 35% of the interest that you pay on your mortgage annually as a federal refundable credit. So to put it in perspective for you, with my home, let's say I paid $5,000 a year in interest on my mortgage payment throughout the year, because my the house I bought is a higher valued ... ................
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