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Deductions & credits
Because 12/15/2017 was the date of a tax law change regarding mortgages.
If you bought the house before Dec. 16, 2017, you can deduct the interest you paid during the year on the first $1 million of the mortgage ($500,000 if married filing separately).
You can deduct the mortgage interest you paid during the tax year on the first $750,000 of your mortgage debt for your primary home or a second home. If you are married filing separately, the limit drops to $375,000.
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‎February 3, 2025
10:01 AM