4 ms·
Mortgage interest deduction is no longer deductible for itemized taxes.
by artosispylon 8y ago
Mortgage interest deduction is no longer deductible for itemized taxes.
- antisthenes 8y agoThat's not even true. It was reduced slightly, which is only relevant for really expensive houses.
- TheHegemon 8y agoHowever the much higher standard deduction essentially means that most people no longer itemize.
- vonmoltke 8y agoTrue, but that is not the same as "mortgage interest is no longer deductible".
- masonic 8y agoIt is, subject to the overall $10K cap.
- kelnos 8y agoYou're confusing that with property taxes, which are lumped in with the SALT deductions, which are indeed capped at $10k. Mortgage interest payments are still fully deductible, up to $750k of principal.