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Nov 16, 2020

Home Mortgage Interest & Points

You can deduct your home mortgage interest on the first $750,000 of indebtedness. If you’re married filing separately it’s the first $375,000. However, if you are deducting mortgage interest from indebtedness before December 16, 2017, there are higher limitations. It stands at $1 million and $500,000 if married filing separately. For the tax years prior […]

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