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.