February 2nd, 2019 10:59 AM by Sam Kader
With 2018 Tax Reform Bill - one area of change that affect most of homeowners is whether mortgage interest on first, second or equity line mortgage is still tax deductible. As of IRS last publication 936 (2018) - it depends on several criteria (see Figure A - flowchart below). As always, you should consult with your accountant for clarity.
In summary – most married couple would still be entitled to deduct their mortgage interest for mortgage balances up to $1,000,000.
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