Quote:
Originally Posted by Ozz
Don't forget, mortgage interest is no longer deductible on new mortgages (maybe all?), and most older mortgages due to the new tax law.....
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that's incorrect; interest may be deducted on the first 750k of debt
whether it would make sense to deduct those interest in a whole separate issue, given that for a married household, the annual interest payment per se needs to be greater than ~$14k (assuming $10k in paid in SALT) in order for it to make sense