if their complete write-offs (including financial interest) surpass the standard deduction. Because of present changes in the tax law , the home loan interest deduction for singles and maried people filing collectively is bound to $750,000 in home loan personal debt, while maried people processing taxation individually can claim doing $375,000 in home loan interest write-offs each.

This can be a problem if you’re purchasing real estate along with your spouse and intend to divided the expenses of the house equally. Читать далее →