Mortgage Interest
You can deduct the interest you paid on loans of $750,000 or less, but if you’re married and filing separately, you can deduct the interest only on loans of up to $375,000. This marks a decrease from the previous year, when the limits were $1 million and $500,000, respectively. This new limit doesn’t apply if you had a binding contract to close on a home after Dec. 15, 2017, and closed on or before April 1, 2018.
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4 thoughts on “Every Single Tax Deduction You Could Possibly Ask For”
What a great summary…thank you!
This is extremely concise and helpful!
Much appreciated Very Informative Thanks
Much Appreciated info in a great floor Mate easy to understand I will be asking some questions this year from our tax man this year 2019