In fact, while the deduction limits were finally lowered by about 25 percent in the final bill, a huge $ 750,000 home mortgage deduction allowance remains. (smallbusiness.chron.com)
Other primary positives include: interest deductibility on real estate maintained, like - kind exchanges on real property maintained, the home mortgage deduction being preserved (but reduced to $ 750,000 of mortgage debt), and reduced foreign withholding on capital gains distributions (35 % to 21 %). (wellsfargoadvisors.com)
Few of those who happily take the home mortgage deduction on their income taxes think of themselves as participating in a program of publicly subsidized housing, but they are. (religion-online.org)