Mortgage Interest Deduction Limit

[kian_ja]

I understand that there is a limit of $750,000 (married filing jointly) on mortgage debt for mortgage interest deduction thanks to the Tax Cuts and Jobs Act. My question is if the debt is higher than $750k, can we still partially deduct interest for debt up to $750k? My debt is higher than 750 and TurboTax decides that I ineligible for this and recommends that I take the standard deduction. Is there any way that I can at least deduct part of the interest that I paid?

[ThomasM125]

You can deduct the mortgage interest associated with the loan amount up to the $750,000 as an itemized deduction. However, you can't use your itemized deductions and your standard deduction, you have to choose the one that gives you the higher deduction.