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HOME MORTGAGE INTEREST HAS BEEN "RESTRICTED"

Updated: Sep 18, 2019

Taxpayers can still deduct interest on mortgage indebtedness. (The debt you incurred when purchasing, building or significantly improving your residence.)


It has been $750,000 our more for mortgage taken out since Dec. 15, 2017.

For older mortgage, $1 MILLION is limited.


Note: Interest on debt that is related to your purchase, construction and improvement is deductible. Every expenses that is not related to this is not deductible.

#organization #goodworkhabits

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