23 мая 2024 г. · So if you paid >$10k a year in state and property taxes you can claim the full SALT deduction and on top of that claim any mortgage interest.

24 окт. 2023 г. · Mortgage interest is an itemized deduction. This just means that when you file your tax return, your taxable income will be reduced by the ...

10 дек. 2023 г. · The total interest deduction is on a max loan of $750K, so on an annual basis that would be $52.5K. Therefore, is the additional deduction of ...

7 сент. 2024 г. · You're still net paying more money in mortgage interest than you're saving in taxes. You can think of it as a 'discount' on your mortgage rate.

19 мая 2024 г. · Mortgage interest and property taxes create a deduction when they exceed your standard deduction. 2024 standard deduction is $14,600 single and ...

5 дек. 2023 г. · The standard deduction is $13,850. If you have itemized deductions greater than the standard deduction, you should itemize instead. If you ...

29 мар. 2024 г. · If the deductible limit is $750k, that gives me 85% ($750,000/$878,000) that I can deduct of my mortgage interest. What is the correct way to ...

26 мая 2024 г. · However, when I calculate the mortgage tax deduction, I get a reduction of almost $1,500 per month. So, from $7,000, it would be $5,500. I ...

8 нояб. 2023 г. · The standard deduction for married couples guess up to 29k, which means we would want to go to the itemized deduction. So this mean we would be able to write ...

10 окт. 2023 г. · Using easy made up numbers, if your mortgage payment is $4,500 a month and $4,000 of that is interest, you can deduct $3,000 of the interest.