4 ms·
The way they changed the standard deduction and personal exemptions for 2018, for most people the tax deduction from their mortgage won't be worth it. It will
by snarfy 9y ago
The way they changed the standard deduction and personal exemptions for 2018, for most people the tax deduction from their mortgage won't be worth it. It will be better to take the standard deduction instead of itemize. I had to adjust my tax withholding this year otherwise I would have owed a few thousand next year (compared to the few thousand return I received this year).
The whole tax benefit for owning a home is gone. Not only is there no benefit, you are now penalized.