Sentences with phrase «about deducting mortgage interest»

Not exact matches

Be Careful about Home Mortgage Interest: As of December 14, 2017, the new tax law mandates that you can only deduct interest for new home loans up to $ 750,000 (the previous limit was $ 1 mInterest: As of December 14, 2017, the new tax law mandates that you can only deduct interest for new home loans up to $ 750,000 (the previous limit was $ 1 minterest for new home loans up to $ 750,000 (the previous limit was $ 1 million).

Learn about the tax implications of prepaid mortgage interest and real estate taxes to determine if you can deduct them or not from the tax experts at

Which is why more than a few Canadian homeowners get a wee bit jealous when we hear about how our American neighbours can deduct their mortgage interest off their income each year for a great income tax deduction.

In a story Aug. 31 about popular tax deductions, The Associated Press reported erroneously that the mortgage interest deduction allows homeowners to deduct up to $ 1 million in interest payments.