Myth: You should avoid paying off "good debts" like home mortgages so you can get a bigger deduction on your taxes. Truth: Making any financial decision based solely on the amount of a tax deduction is a really, really bad idea.
Over the last year or so, I've been receiving an email from the "IRS" telling me there is an extra tax refund available to me. Sounds great, especially in tax season but there's a problem with the letter. This letter is a phishing scam. Don't fall for this.