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How does the new tax code affect mortgage deductions for married couples
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TAX REFORM
https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return
One of the ways it will affect you is that the standard deduction for a joint return is $24,000 (+$1300 for each spouse 65 or older) , so it will be harder to have enough itemized deductions to exceed the standard deduction. Many people who used to itemize such things as mortgage interest and property taxes might not have enough itemized deductions and will just take the standard deduction instead.
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