Mortgage Interest Deductions Remain Unchanged for 2020
Written by Jamie Reece
The recent Federal Budget left in place the newest rules from 2017 regarding the deduction of mortgage interest from taxable income for homeowners. As a reminder, this provides for deduction of mortgage interest for the first $750,000 of debt for loans originated after December 16, 2017 (or up to $1,000,000 for loans originated prior).
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