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State tax filing
The state of California does not conform to the new federal law that limits taxpayers to the interest on $750,000 ($375,000 for married filing separate) of home mortgage acquisition debt.
California allows taxpayers to deduct interest on loans up to $1,000,000 ($500,000 for married filing separate).
The loans originated on or after December 15th 2017 don't need adjustment.
Click this link for more detailed info on California Home Mortgage Interest Deduction.
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‎February 2, 2022
2:21 PM