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2. The mortgage interest deduction could save you thousands on ...

   www.aol.com/finance/mortgage-interest-deduction...

   If you used a cash-out refinance in 2021 to get another $900,000 mortgage, you may be able to deduct the interest you pay on up to $825,000 in debt from your new mortgage—but not the additional ...

3. When is Tax Day 2025? All about deductions, income ... - AOL

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   Tax season 2025 is here. Here are answers to common questions that crop up as April 15 approaches. ... Mortgage interest: You can generally deduct interest paid on the first $750,000 of mortgage ...

4. I’m an Accountant: 4 Deductions Most People Forget ... - AOL

   www.aol.com/m-accountant-4-deductions-most...

   Mortgage Deductions. Taxpayers can deduct home mortgage interest on the first $750,000 or $375,000 if married and filing separately, per the IRS. ... The Best Banks of 2025 For Each State.

5. Mortgage Interest Deduction: Limits and How It Works - AOL

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   To understand how it works, take a look at this mortgage interest deduction example: If you purchase a $400,000 home with a 20% down payment and take out a 30-year, fixed-rate loan with a 7% ...

6. Home mortgage interest deduction - Wikipedia

   en.wikipedia.org/wiki/Home_mortgage_interest...

   Because the Tax Cuts and Jobs Act of 2017 increased the standard deduction to a level where far fewer taxpayers itemized their expenses (which is where they deduct mortgage interest), the cost to the federal government of the mortgage interest deduction was decreased by 60%, from approximately $60 billion in 2017 to $25 billion in 2018. [44] [45]

7. Are home equity loans tax-deductible? - AOL

   www.aol.com/finance/home-equity-loans-tax...

   The standard deduction in tax year 2025 for married couples filing jointly. For single filers and those filing separately, it’s $15,000. ... Mortgage interest statement ...

8. What Is the Tax Cuts and Jobs Act (TCJA)? - AOL

   www.aol.com/finance/tax-cuts-jobs-act-tcja...

   It increased to $13.99 million for the 2025 tax year. ... Limited mortgage interest deduction: Married couples filing jointly can deduct mortgage interest on up to $750,000 of debt.

9. Mortgage interest deduction: What it is and what qualifies - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   If the home was purchased between Oct. 13, 1987 and Dec. 16, 2017, single and joint filers can deduct the mortgage interest paid on their first $1 million in mortgage debt ($500,000 if those ...