Otherwise, you'll save more tax dollars by foregoing the home mortgage interest deduction and claiming the standard deduction instead. Complete Schedule A and compare the total of your itemized deductions to your standard deduction to find out which method is most advantageous for you.
How long a patent lasts depends on the type of patent being issued and the country issuing the patent. For example, under recent changes in the laws, in the United States, patents are now granted for a term of 20 years from the date of application (14 years for design patents).
The Federal Housing Agency mandates all FHA loan files are kept until three years after the loan is paid in full. This means a lender will retain a copy of all pertinent information in reference to a loan for an extended period of time. However, there may be other regulations that require the lender to keep the file even longer.