1 дек. 2023 г. · The TCJA reduced the acquisition indebtedness ceiling to $750,000 ($375,000 for married couples filing separately) and eliminated any interest ...

14 окт. 2021 г. · The TCJA limited the interest deduction to the first $750,000 in principal value, down from $1 million. Another itemized deduction.

22 окт. 2024 г. · After the expiration of temporary TCJA provisions, the JCT estimates that the mortgage interest deduction will reduce revenues by $81.3 billion ...

The Tax Cuts and Jobs Act of 2018 changed both the type of mortgage interest that can be deducted as well as the amount of interest that can be deducted.

2 нояб. 2023 г. · In addition, the TCJA restricted the deduction of interest on home equity lines of credit (HELOCs) and home equity loans. Under the TCJA ...

The TCJA reduced the amount of principal available for the mortgage interest deduction from $1 million to $750,000. The new law also changed the treatment of ...

25 окт. 2024 г. · The mortgage interest deduction is a common itemized deduction that can reduce homeowners' taxable income by allowing them to deduct the interest paid on any ...

29 февр. 2024 г. · Under the Tax Cuts and Jobs Act (TCJA) of 2017, the mortgage interest deduction is available for up to $750,000 in mortgage debt if you're ...

Under the TCJA, starting in 2018, the limit on qualifying acquisition debt is reduced to $750,000 ($375,000 for a married taxpayer filing separately). However, ...

The Tax Cuts and Jobs Act (TCJA) increased the standard deduction from $6,500 to $12,000 for individual filers, from $13,000 to $24,000 for joint returns, and ...