- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No Starting in 2018, mortgage interest on the total principal of as much as $750,000 in qualified residence loans can be deducted, down from the previous limit of $1,000,000. However, higher limitations ($1 million ($500,000 if married filing separately)) apply if you are deducting mortgage interest from indebtedness incurred before December 16, 2017.
The link below has information that you may find useful.
‎June 1, 2019
10:04 AM