Re:Taxpayers paying billions for the renovations and constru...
by maria2 on Sunday December 25, 2022 @01:18AM
(#34124893)
There are very few cases where mortgage interest deductions are better than the standard deduction.
[ Parent
| on HN ]
Re:Taxpayers paying billions for the renovations and constru...
by toast0 on Sunday December 25, 2022 @03:18AM
(#34125366)
That's only because the state and local tax deduction was limited at the same time as the mortgage interest deduction was (further) limited. The standard deduction also increased.
Prior to that, it wasn't uncommon for people in higher income tax states to exceed the standard deduction with SALT and mortgage interest.