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A comment on Ask HN: I have $450K cash, what should I do to maximize my return?. Parent comment

Re:Ask HN: I have $450K cash, what should I do to maximize m... by scarface74 on Saturday August 01, 2020 @06:57PM (#24024646)
With the new tax laws the home mortgage deduction is useless for most people. If you are married filing jointly, the standard deduction is $24000. I paid around $10K in interest last year on a $330K mortgage in its fourth year.
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Re:Ask HN: I have $450K cash, what should I do to maximize m... by doktorhladnjak on Sunday August 02, 2020 @12:08AM (#24026251)
If you have no other deductions, you need to max SALT at $10k and owe about $450k on a 3% mortgage before itemizing is worth it
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Re:Ask HN: I have $450K cash, what should I do to maximize m... by arcticbull on Saturday August 01, 2020 @07:02PM (#24024676)
Good to know, thanks! I’ve always itemized in the past.
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