turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

What is the maximum mortgage interest deduction amount that can be taken as a tax advantage for married filing jointly in 2018?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

What is the maximum mortgage interest deduction amount that can be taken as a tax advantage for married filing jointly in 2018?

You can deduct interest on up to $1 million of mortgage balance for loans made before January 2018, and up to $750,000 of mortgage balance for loans made after 1/1/2018.  How much that is in dollars would depend on your interest rate.

View solution in original post

1 Reply

What is the maximum mortgage interest deduction amount that can be taken as a tax advantage for married filing jointly in 2018?

You can deduct interest on up to $1 million of mortgage balance for loans made before January 2018, and up to $750,000 of mortgage balance for loans made after 1/1/2018.  How much that is in dollars would depend on your interest rate.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question