How the Mortgage Deduction Is Changing Under the New Tax Bill

How the Mortgage Deduction Is Changing Under the New Tax Bill
The tax bill approved by the conference committee allows taxpayers with existing mortgages to continue to deduct interest on a total of $1 million of mortgage debt for a first and second home. For new buyers, the $1 million limit drops to $750,000.
How the Mortgage Deduction Is Changing Under the New Tax Bill