News for hackers. Stuff that matters.

A comment on How to earn your macroeconomics and finance white belt as a software developer. Parent comment

Re:How to earn your macroeconomics and finance white belt as... by artosispylon on Friday March 08, 2019 @01:06AM (#19335484)
Mortgage interest deduction is no longer deductible for itemized taxes.
[ Parent | on HN ]
Re:How to earn your macroeconomics and finance white belt as... by antisthenes on Friday March 08, 2019 @01:29AM (#19335578)
That's not even true. It was reduced slightly, which is only relevant for really expensive houses.
[ Parent | on HN ]
Re:How to earn your macroeconomics and finance white belt as... by TheHegemon on Friday March 08, 2019 @03:56AM (#19336094)
However the much higher standard deduction essentially means that most people no longer itemize.
[ Parent | on HN ]
Re:How to earn your macroeconomics and finance white belt as... by vonmoltke on Friday March 08, 2019 @08:12AM (#19337183)
True, but that is not the same as "mortgage interest is no longer deductible".
[ Parent | on HN ]
Re:How to earn your macroeconomics and finance white belt as... by masonic on Friday March 08, 2019 @03:51AM (#19336070)
It is, subject to the overall $10K cap.
[ Parent | on HN ]
Re:How to earn your macroeconomics and finance white belt as... by kelnos on Friday March 08, 2019 @05:03AM (#19336361)
You're confusing that with property taxes, which are lumped in with the SALT deductions, which are indeed capped at $10k.

Mortgage interest payments are still fully deductible, up to $750k of principal.

[ Parent | on HN ]