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Get your taxes done using TurboTax
You have two houses. It's not that unusual. And yes, you can deduct the property taxes and mortgage interest on both houses. However, the maximum property tax deduction that you are allowed is $10,000 and you are not allowed to deduct mortgage interest on a mortgage over $750,000 so the value of the two houses together may come in to play.
Married filing jointly is almost always the better choice. When filing as married filing separately there are a number of deductions and credits that are no longer allowed. You need to consider that when deciding.
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‎February 28, 2024
11:42 AM
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