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Mortgage interest and home equity loan interest are still deductible as long as you itemize. However, if you are married filing jointly (MFJ), your standard deduction for tax year 2018 is now $24,000. If your interest deductions along with your other itemized deductions does not exceed $24,000, then use the standard deduction.
Mortgage interest and home equity loan interest are still deductible as long as you itemize. However, if you are married filing jointly (MFJ), your standard deduction for tax year 2018 is now $24,000. If your interest deductions along with your other itemized deductions does not exceed $24,000, then use the standard deduction.
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