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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

Business Loan Interest Tax Deduction: What Small-Business Owners Need to Know

The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Here's what you need to know about these criteria. 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

How does the mortgage interest tax deduction work? Experts explain

Lisa Greene-Lewis, certified public accountant and tax expert at TurboTax, notes that under the Tax Cuts and Jobs Act, tax filers can deduct interest based on up to $750,000 in mortgage indebtedness. read more

Proposed car loan interest tax deduction: Who would qualify - USA TODAY

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ... 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

Proposed car loan interest tax deduction: Who would qualify - Detroit Free Press

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ... 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

What are the tax benefits of taking a home loan? | Mint

Under the old tax regime, a home loan taken for a self-occupied property is eligible for a deduction of ₹1.5 lakh per annum on principal repayment and ₹2 lakh per annum on interest. read more