The mortgage interest deduction stays exactly the same for current mortgages. For new mortgages, taxpayers may deduct interest incurred on principal up to $750,000.pic.twitter.com/uyEOo5PvBy
Show this thread
Taxpayers can still deduct interest incurred new mortgages with principal over $750,000, but only interest payments associated with the first $750,000. This system is in place now, but the deductibility cap is $1 million.
-
-
If you can afford a 750k house you can afford to pay 39.4% tax rate. Why did you give people in the upper tax bracket 6% tax deduction? Why did you give people making 500 to 1mil a 11% tax deduction while destroying healthcare? When are you having a town hall so we can discuss
- 1 more reply
New conversation -
-
-
Who the hell does that help?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
...and 83% of the money goes to 1% richest. A disgrace
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
And this seems like a fair or reasonable 0lan while giving private plane owners a deduction?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.