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Mortgage Interest Deduction After 2025 Thumbnail

Mortgage Interest Deduction After 2025

The Tax Cuts and Jobs Act (TCJA) is scheduled to sunset December 31, 2025.
 TCJA limited the mortgage interest deduction to the first $750,000 on loans taken out after 2017.
 In 2026 the limit will be $1 million.
 Mortgage interest deductions for home equity loans were limited to those used for home repair and improvements.
 In 2026 interest on the first $100,000 of home equity loans will be deductible. 

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