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Deductions & credits
Yes, since you are not married, the limit applies to you on a per taxpayer basis. So, your personal limit is $750K for ALL mortgages and prorated portions of your joint mortgage under current tax law. The case below was argued when the limit was $1,000,000, but the $750k limit did not change how the law was applied only the amount that it was limited to.
"The Internal Revenue Service will follow the Voss opinion and will apply the § 163(h)(2) and (3) limitations on a per-taxpayer basis, allowing each taxpayer to deduct mortgage interest on indebtedness of up to $1 million and $100,000, respectively, on a qualified residence." Voss v. Commissioner, 796 F.3d 1051 (9th Cir.2015), rev’g Sophy v. Commissioner, 138 T.C.204 (2012)
(Edited 3/5/2024 @ 12:35PM PST) @Lindas0248
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