Tag: State and Local Tax (SALT) Deduction

  • Tax Deductions For Homeowners

    Tax Deductions For Homeowners

    All the good tax that originates from owning a house is in the form of deductions. Here are the most frequent deductions: Mortgage Interest Deduction You are able to deduct your house mortgage curiosity on the initial $750,000 ($375,000 if committed filing separately) of mortgage debt. The old limit of $1 million ($500,000 if committed […]