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artosispylon
2658 days ago
Mortgage interest deduction is no longer deductible for itemized taxes.
2 comments
antisthenes
2658 days ago
That's not even true. It was reduced slightly, which is only relevant for really expensive houses.
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TheHegemon
2658 days ago
However the much higher standard deduction essentially means that most people no longer itemize.
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vonmoltke
2657 days ago
True, but that is not the same as "mortgage interest is no longer deductible".
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masonic
2658 days ago
It is, subject to the overall $10K cap.
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kelnos
2658 days ago
You'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.
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