Tax Reform – Reference Page | Luxury Valley Homes Scottsdale
Tax Reform That Effects Real Estate Owners and More 1. Mortgage Interest Deduction Tax reform - There was concern that the mortgage interest deduction (MID) would be eliminated. That didn’t happen. However, the bill has made the following changes: Reduces limit on deductible mortgage debt to $750,000 or new loans taken out after 12/14/17 (from [...]