I pay about $14,000 of mortgage interest and $3500 of property taxes and I still got the standard deduction. At what limit can I start getting a deduction?
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Yes, but be aware that the Standard deduction for 2018 is 12,000 single and 24,000 married filing jointly.
The mortgage interest may be limited because of the new tax laws
State taxes claimed is also limited to 10,000.
Yes, but be aware that the Standard deduction for 2018 is 12,000 single and 24,000 married filing jointly.
The mortgage interest may be limited because of the new tax laws
State taxes claimed is also limited to 10,000.
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