How to Use the Mortgage Interest Deduction

Homeowners who bought a home in Albuquerque after December 15, 2017 can deduct interest paid on the first $750,000 of their mortgage when itemizing their tax return. Other homeowners can deduct interest on the first $1 million of mortgage debt. The following is a guide to what to know about the mortgage interest deduction and how it works. The Basics … Read More