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The home mortgage interest deduction under the TCJA

When the Tax Reform Act of 1986, P.L. 99-514, eliminated personal interest deductions, the mortgage interest deduction remained, with a $1 million ceiling on home acquisition indebtedness ($500,000 ... read more

Tax Loophole for Deducting Home Equity Loan Interest - MSN

The deduction can be claimed only for the interest paid on mortgage debt up to $750,000 if the loan was taken out after Dec. 15, 2017, or $375,000 for married couples filing separately. read more

Mortgage Interest Deduction: Overview and Examples - Investopedia

Under the Tax Cuts and Jobs Act of 2017, the limits for the mortgage interest deduction decreased from $1 million to $750,000, meaning the deduction can now be claimed on the first $750,000 of the ... read more

Are home equity loans tax deductible | TIME Stamped

Limits of the home equity loan interest tax deduction Not everyone can deduct home equity interest payments on their taxes. If you’re exploring this deduction, it’s important to understand the ... read more

Tax Deductions on Home Equity Loans and HELOCs: What You Can (and Can't) Write Off - SFGATE

Under the old tax rules, you could deduct the interest on up to $100,000 of home equity debt, as long as your total mortgage debt was below $1 million. But now, it's a whole different world. read more

Are Home Equity Loans Tax Deductible? – Forbes Advisor

How much mortgage debt you have and how you used the loan proceeds determine whether you can deduct the interest paid on a home equity loan. Learn more about how it works. read more

Deducting Mortgage Interest on Your Tax Return: What to Know - Kiplinger

For homes purchased after the above date, the allowable mortgage interest tax deduction drops to interest paid on the first $750,000 for single and joint filers and to $375,000 for married couples ... read more