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Publication 970 2001 Tax Year

Important Changes for 2002

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This is archived information that pertains only to the 2001 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Beginning January 1, 2002, the requirement that you can only deduct interest paid during the first 60 months that interest payments are required is eliminated. Also, the income level at which your deduction will be reduced or eliminated will be increased. See Publication 553 for more information.

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