08-15-2022, 04:09 PM
mattkime wrote:
[quote=macphanatic]
It's time to end the mortgage deduction
Hasn't that one essentially been phased out?
No but Trump tightened the limits on it, mostly as an FU to places with high real estate values (ie Blue states), along with limiting deductions on State and Local taxes (for the same reason).
For a lot of people, it now makes more sense to take the standard deduction. But, for instance, we still itemize.