As a tax deduction, mortgage interest is not pretty from either a tax rules or tax deduction viewpoint.
First, you would think that the rules for deducting home mortgage interest would be straightforward. You would think that, but you would be thinking wrong. The rules are not all that clear, but we will help clarify them in this article.
Second, from the tax deduction standpoint, mortgage interest deductions took two hits from the recent tax reform.
And for sure, of course, the loss of home mortgage interest deductions increases the cost of home ownership.
Two Big Tax Reform Changes
The recent tax reform contains two big changes to how much you can deduct in mortgage interest for tax years 2018 through 2025: ... Log in to view full article.