Due to tax reform changes there is a limit to the amount of state, local and real estate taxes combined total you can claim ($10,000 or $5,000 if married filing separately).
Can I deduct property (real estate) taxes?
There is a limit to the amount of mortgage you can deduct.
Your deduction is generally limited if all mortgages used to buy, construct, or improve your first home (and second home if applicable) total more than $1 million ($500,000 if you use married filing separately status) for tax years prior to 2018. Beginning in 2018, this limit is lowered to $750,000. Mortgages that existed as of December 14, 2017 will continue to receive the same tax treatment as under the old rules.
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