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Mortgage Interest Rate Deduction: What Qualifies for 2023

Writer's picture: Jane GoldmanJane Goldman

The mortgage interest deduction is a tax deduction for mortgage interest paid on the first $750,000 of mortgage debt. Homeowners who bought houses before December 16, 2017, can deduct interest on the first $1 million of the mortgage. Claiming the mortgage interest deduction requires itemizing on your tax return. Read more

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