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Can I Claim the Mortgage Interest Deduction?

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Like most homeowners over the past couple of years, you may have discovered that you can no longer write off your property taxes or claim the mortgage interest deduction.

That doesn’t necessarily mean your taxes went up. The change is because the standard deduction nearly doubled starting in 2018, negating many homeowners’ need to itemize their home-related expenses. Here’s a roundup of the rules affecting homeowners.

 

 

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