3 ms·

Maybe stating the obvious, but virtually everyone with one or more home loans should be itemizing their deductions to include that and their state sales or inco

Maybe stating the obvious, but virtually everyone with one or more home loans should be itemizing their deductions to include that and their state sales or income tax. The standard deduction is very generous for non-homeowners (IMO), but it's easy to get a higher deduction just based on home loans and state tax, without even getting into all of the sketchy loopholes that some tax preparers will try to use.

lotsoweiners 3y ago
That isn’t true anymore as of 2018 when the Trump administration made changes to the tax law. As a homeowner with a mortgage I used to itemize every year but now the standard deduction benefits me more. https://smartasset.com/taxes/heres-how-the-trump-tax-plan-could-affect-you# https://smartasset.com/taxes/heres-how-the-trump-tax-plan-co...